You have new items in your feed. Click to view.
Question and answer
can you assign the lease to another party? explain.
You may be able to turn over (assign) your lease to another person. When you assign a lease, you move out permanently and a new tenant moves in for the rest of your lease term. [ This person is referred to as the "assignee." Both you and the new tenant will be responsible to the landlord for the condition of the apartment and the rent. Check your lease before deciding to assign. Many leases do
not allow tenants tom assigning their lease. Or your lease may allow you to assign only with the landlord's permission. For more information about assigning your lease, see the section in this chapter called Assigning Your Lease. ]
Expert answered|scijoe21|Points 510|
Question
Asked 4/3/2012 4:34:55 PM
Updated 1/12/2013 11:09:25 PM
1 Answer/Comment
Get an answer
New answers
Rating
0
Yes , A lessee may assign a lease to a third party, or assignee. An assignment conveys all rights under the lease to the assignee for the remainder of the lease term, and the assignee assumes a contractual relationship with the original lessor. However, unless the lessor agrees otherwise, the first lessee still retains the original duties under the lease agreement until the lease expires. Generally, an assignment is valid unless it is prohibited by the lessor.
Added 1/12/2013 11:09:25 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
If Ann dies during the period of the lease, what happens to the leased property?
Weegy: Depends on how the lease was written and if she had tenants insurance which would pay the rent if anything happened to her. [ If not her estate would still have a right to pay the rest of the rent until the lease terminates at which time the land lord would then have the right to take possession. ] (More)
Question
Expert Answered
Asked 4/3/2012 3:48:24 PM
0 Answers/Comments
25,811,597 questions answered
Weegy Stuff
S
P
L
Points 635 [Total 1385] Ratings 3 Comments 605 Invitations 0 Offline
S
L
P
P
P
Points 457 [Total 3205] Ratings 0 Comments 457 Invitations 0 Offline
S
Points 390 [Total 811] Ratings 3 Comments 360 Invitations 0 Offline
S
P
Points 379 [Total 638] Ratings 1 Comments 369 Invitations 0 Offline
S
L
P
P
P
Points 112 [Total 3816] Ratings 0 Comments 112 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
Points 26 [Total 26] Ratings 0 Comments 26 Invitations 0 Offline
S
Points 21 [Total 71] Ratings 2 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.