Q: What do you mean by the terms Assignment and sublease?
Assignment and sublease: assignment is a complete transfer of tenant’s remaining lease term; sublease is a partial transfer; a lease is
both a contract and a conveyance and these are independent grounds of liability; assignor remains liable on lease through privity of
contract; assignee is liable through privity of estate; sublessor remains liable on both privity of estate and contract; sublessee is not
liable to landlord because neither privity exists; non-assignment and non-sublease clauses are valid but construed narrowly; waiver by the
landlord once is a permanent waiver unless otherwise specified
Are you a lawyer? Or, do you just knoooow the answer?
We have located some similar legal questions and legal question categories. Check out these challenging questions that askquestions about Landlord Tenant and are similar to What do you mean by the terms Assignment and sublease?. Also, we have included a list of some of our more popular legal question categories. These categories are based on what everyone is asking and answering.
Similar Legal Questions
- What happens in case of Transfer by landlord?
- How is Lease a Conveyance and a Contract?
- How is Landlord able to Limit Subsequent Conveyance of a Leasehold Estate?
- What were the facts in the case Dover Mobile Estates v. Fiber Form Products, Inc. (Cal. 1990)?
- What are the Limitations on assignment?
- What is meant by Tenancy at will?
- Write Notes on Recordation of Mortgage Assignments.
- What do the Theories of Title: Possession, Rents, and Related Considerations say?
- What is Horizontal and Vertical Privity?
- What are the Restrictions on Transfer by the Mortgagor?
What's Your Answer to "What do you mean by the terms Assignment and sublease?"