sublet


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Assignment of Lease

The transfer of a lease by the lessee to another party. For example, if one rents an apartment, one might sell or give one's friend the right to live there (and the obligation to make payments). The assignor (the original lessee) remains bound by the lease contract if the assignee fails to make his/her obligations, unless the lessor states otherwise. Because of the potential complications, some lessors do not allow lessees to engage in assignment of lease.

sublet

See sublease.

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References in periodicals archive ?
You should enter into a written, signed agreement with the person who sublets your place.
Only in extraordinary cases sublets are allowed, and only after permission granted by the guardian".
So being able to sublet at a rent set five or so years ago will not help the tenant.
I rent my apartment for SR17,000 and then sublet it to pilgrims for over SR13,000 for the few days of the Haj," he said.
The judge ruled in Christiani's favor, stating that individuals 18 years and over could legally sublet their apartment.
Mobile-home rent controls: Would phase out rent control over time by removing controls on mobile-home spaces when the homeowner sells, sublets or transfers ownership.
Prevailed upon by Sublet to provide an explanation, Martinette finally blurts out, "My papa ent one lowdown 'Cajun.
Eschewing the current of onomastic studies that concentrates only upon rarities or symbolism, Sublet roots her work firmly in the great compilation of biographical data assembled in the Onomasticon Arabicum.
LONDON -- Ensco plc (NYSE: ESV) announced today that a subsidiary of the Company has sublet ENSCO 8503, a new ultra-deepwater semisubmersible drilling rig that recently mobilized to the U.
New York law presents a statutory right to sublet, provided the tenant follows to the letter, a statutory procedure.
Global Banking News-January 29, 2013--Credit Suisse to sublet space in Hong Kong(C)2013 ENPublishing - http://www.
The authority is asking people to report confidentially any property they suspect may be illegally sublet.