A(n) _____ occurs when tenants transfer their entire interest in property for the remaining term of a lease.

Question

Quizplus · Accepted Answer

An assignment occurs when a tenant transfers their entire interest in a property, including all rights and obligations, to another party for the remainder of the lease term. This is different from a sublease, which involves a tenant transferring a portion of their interest in the property (such as one room in an apartment) to another party for a shorter period of time than the original lease.

A(n) _____ Occurs When Tenants Transfer Their Entire Interest in Property