Tropic Breeze Residences, Inc., owns apartment buildings. Suki leases one of Tropic Breeze's apartments. Suki's transfer of her interest in the lease to Vito for a period shorter than the lease term is

Question

Tropic Breeze Residences, Inc., owns apartment buildings. Suki leases one of Tropic Breeze's apartments. Suki's transfer of her interest in the lease to Vito for a period shorter than the lease term is​

Quizplus · Accepted Answer

When Suki transfers her interest in the lease to Vito for a period shorter than the lease term, it is a sublease. In a sublease, the original lease remains in effect, and the subletter (Vito) becomes responsible for paying rent and following the terms of the original lease while occupying the property.