Explain the difference between an assignment and a sublease.
What will be an ideal response?
Assignment occurs when the landlord or the tenant transfers all of the tenant's remaining rights under the lease to another person. Subleasing occurs when the tenant transfers some, but not all, of his/her remaining rights to possess the property under the lease, to another person. The significance of the assignment-sublease distinction is that a sublessee does not acquire rights or duties under the lease between the landlord and the tenant, whereas an assignee does. In both cases, however, the original tenant remains liable to the landlord for the commitments made in the lease.
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