In an assignment, the tenant transfers all interest in the premises and all obligations.

Name: In an assignment, the tenant transfers all interest in the premises and all obligations.
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In an assignment, the tenant transfers all interest in the premises and all obligations to the assignee. This means the assignee becomes responsible for fulfilling all obligations and duties related to the premises that were originally assigned to the tenant.

In an Assignment, the Tenant Transfers All Interest in the Premises