Assignment of Lease
Concept of Assignment of Lease in the context of Real Property
A short definition of Assignment of Lease: The transfer by a lessee to a third party of the exact interest of said lessee. Differs and should not be confused with sublease (see which). A lease may legally contain certain restrictions of assignments and/or subleasing.
Concept of Assignment of Lease in the context of Real Property
A short definition of Assignment of Lease: The transfer by a lessee to a third party of the exact interest of said lessee. Differs and should not be confused with sublease (see which). A lease may legally contain certain restrictions of assignments and/or subleasing.
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