A sublease occurs when a tenant transfers the entire remaining term of a lease to a third party.

Name: A sublease occurs when a tenant transfers the entire remaining term of a lease to a third party.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

A sublease occurs when a tenant transfers part of their interest in the leased property to a third party for a portion of the remaining lease term, not the entire term. Transferring the entire lease term to a third party is typically considered an assignment, not a sublease.

A Sublease Occurs When a Tenant Transfers the Entire Remaining