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Samiksha Ambawat
on Nov 21, 2024

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What is the difference between an assignment and a sublease with regard to unpaid rent?

A) In an assignment, both the assignee and assignor are liable to the landlord for failure to pay rent. With a sublease, only the original tenant is liable to the landlord.
B) Unlike a sublease, only the original tenant is liable in an assignment.
C) Unlike an assignment, both the lessee and sublessee are liable in a sublease.
D) A landlord can sue in an assignment situation, but not in a sublease situation.
E) There is no difference between an assignment and a sublease with regard to unpaid rent.

Assignee

In a contract, the party who receives the rights of another party (an assignor) to collect what was contractually agreed on in the original contract.

Assignor

In a contract, the party who transfers his or her rights to a contract to a third party (an assignee), giving the assignee the right to collect what was contractually agreed on in the original contract.

  • Differentiate among various lease categories and their features.
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Nagaharsha VardhanNov 21, 2024
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