A transaction whereby the tenant transfers away her entire interest under a lease is called a(n):
A) sublease.
B) assignment.
C) eviction.
D) abandonment.

Question

Quizplus · Accepted Answer

An assignment is the transfer of the tenant's entire interest under a lease to another person. The person who takes over the lease (the assignee) has the same rights and responsibilities as the original tenant. A sublease, on the other hand, is a transfer of less than the tenant's entire interest (such as a portion of the leased space or a limited time period) and the original tenant remains responsible for the lease. Eviction is the legal process of removing a tenant from a property due to a breach of the lease agreement, and abandonment occurs when a tenant vacates the property before the lease term has ended and does not intend to return.

A Transaction Whereby the Tenant Transfers Away Her Entire Interest