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Commonly Asked Questions about Landlord Tenant Lease Assignments

A lease is a rental contract between a landlord and a tenant, whereas a sublease is a contract between a tenant and a sub-tenant who has assumed obligations of the tenants lease.
To have another tenant take its place, the original tenant must, in most circumstances, properly assign the lease to the new tenant and obtain the landlords consent. Similarly, there are landlords out there who fail to pay sufficient attention to this important issue.
If the lessee transfers his or her entire remaining interest in the tenancy, then the transfer is known as an assignment. If the lessee transfers only part of his or her interest, then the transfer is known as a sublease.
With an assignment of your lease, you will find a new tenant to take over your lease. With a sublet, you are still the tenant of your lease but enter into a new contract with the subtenant that you find.
Sublease: The original tenant remains liable for the rent (the subtenant is liable to the original tenant) The original tenant remains liable for lease violations. The landlord must evict the original tenant in order to evict the subtenant.
0:08 5:42 See my my team informed me that last month we did i believe it was 10. We did 10 lease assignmentsMoreSee my my team informed me that last month we did i believe it was 10. We did 10 lease assignments in our office. Last month you see mark whats a lease assignment is that a lisa what is a lease
Simply put, it is a transfer of an existing lease by the current tenant to a new tenant with the consent of the landlord.
What is an Assignment of Lease? The assignment of lease is a title document that transfers all rights possessed by a lessee or tenant to a property to another party. The assignee takes the assignors place in the landlord-tenant relationship.