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

Question

Quizplus · Accepted Answer

The correct term for transferring all interest in the premises and all obligations of a lease to another party is assignment. Accession refers to the addition of new property to an existing property, abatement refers to a reduction in the amount of rent due to a defect or issue with the property, reversion refers to the return of property to the original owner at the end of a lease or other transfer, and conversion refers to the change of the use or purpose of a property.

In An)_____,the Tenant Transfers All Interest in the Premises and All