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This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
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Recorded Document Type. Agreement ; APN (xxx-xxx-xx).An assignment and assumption agreement transfers one party's rights and obligations to a third party. An assignment and assumption of lease is a legal real estate document that allows one party to transfer rights and obligations of a lease to another party.
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Assignment And Assumption Agreement Example In San Diego