While a sublease and an assignment are two distinct choices for a tenant who wishes to transfer his rights during the term of a lease, both agreements:
A) transfer all of a tenant's rights to another party
B) transfer only a subset of rights to another party
C) grant another party the right to cancel the original lease before expiration
D) maintain that the original tenant be held liable for fulfilling the original lease unless otherwise specified

Question

Quizplus · Accepted Answer

Both a sublease and an assignment maintain that the original tenant is still liable for fulfilling the obligations of the original lease unless otherwise specified. However, a sublease only transfers a subset of the tenant's rights, typically limited to the right to occupy the leased space, while an assignment transfers all of the tenant's rights under the lease. Neither a sublease nor an assignment grants the right to cancel the original lease before expiration.

While a Sublease and an Assignment Are Two Distinct Choices