An "assignee" is the person who has been given the rights to a property or its interests. The "assignor" is the person who does the giving, transferring their rights or interests in either personal or real estate. A "vending" is a type of sale, specifically a "land sales contract," which does not apply to a "lease."
These are questions that the above text answers:
1. What is an assignee in real estate?
2. Who is the assignor in a real estate transaction?
3. What is a land sales contract?
4. What are the requirements for a real estate contract?
5. What is the difference between an assignee and an assignor?
6. Can an assignor transfer their rights in personal property?
7. Can an assignor transfer their rights in real estate?