In a(n) _____, the tenant transfers all of her interest in the premises and all of her obligations.

Question

Quizplus · Accepted Answer

An assignment is when the tenant transfers all of their interest in the premises and all of their obligations to another party. A is incorrect because accession refers to adding something to the property, like a new building. B is incorrect because abatement is a reduction or decrease, typically used in reference to rent. C is incorrect because reversion is when ownership of the property returns to the original owner after a specific time period or event. E is incorrect because conversion is when a property is changed from one use to another, such as converting a warehouse into a residential space.

In A(n) _____, the Tenant Transfers All of Her Interest