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Is a verbal contract binding lease?

No. Many people assume that a contract must be written in order for it to be legally enforceable. This is generally not true, as many verbal agreements can be legally binding as long as they meet certain conditions.

What is an apartment assignment?

An assignment is the transfer of one partys entire interest in and obligations under a lease to another party. The new tenant takes on the lease responsibilities, including rent and property maintenance, and the original tenant is released from most (if not all) of its duties.

Can you sublease an apartment in Texas?

Yes. In Texas, landlords have the final say in allowing you to sublease unless your lease says otherwise. A landlord can refuse to allow you to sublease. When signing a lease, look to see if there is a subleasing section.

Which of the following agreements would be a valid verbal lease of real property?

The only verbal lease agreements considered legally binding in the State of California are those which last less than one year. Beyond this restriction, if the term of a lease is less than one year, but the end of the term is more than one year from the date of verbal agreement, the agreement must be put in writing.

Is it legal to sublet in NYC?

You are entitled to request permission to sublet from the owner, and the owner may not unreasonably refuse such permission. However, you must inform the owner by certified mail, return receipt requested, no less than 30 days prior to the proposed subletting.

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