Asked by Audriana Bridley on Jun 14, 2024
Verified
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.
Assignment
The conveyance of rights, possessions, or duties from one individual to another.
Sublease
An agreement where the original tenant leases out the premises to another tenant, with or without the landlord’s permission.
Eviction
The legal process by which a tenant is removed from a property, usually due to failure to comply with rental agreement terms.
- Identify the distinctions among voluntary and involuntary property transfers, such as assignments, subleases, and easements.
Verified Answer
NS
Nicolette SidelskyJun 19, 2024
Final Answer :
B
Explanation :
An assignment is a transaction where the tenant transfers away their entire interest under a lease to another party. A sublease, on the other hand, is a transaction where the tenant transfers a portion of their interest under the lease to another party. Eviction and abandonment are not transactions whereby the tenant transfers their interest under a lease.
Learning Objectives
- Identify the distinctions among voluntary and involuntary property transfers, such as assignments, subleases, and easements.