If the lessee transfers his or her entire remaining interest in the tenancy, then the transfer is known as an assignment. If the lessee transfers only part of his or her interest, then the transfer is known as a sublease.
A tenancy at sufferance is created when a tenant wrongfully holds over beyond the end of the duration period of the tenancy (for example, a tenant who stays past the expiration of their lease .
In California, within the Business and Professions Code, Section 1995.260, the landlord cannot unreasonably withhold the consent of the tenant to assign or sublease the property.
Tenancy at sufferance is when a tenant continues to occupy a property after their lease has ended without the landlord's consent.
Tenancy at sufferance (also called "estate at sufferance" or "holdover tenancy") arises when a tenant who has a lawful possession of a property (for example, a lease) holds over without the owner's consent.
A periodic tenancy is a tenancy that will go on from one period of time to the next period of time until notice is given for its termination, such as month-to-month lease. A tenancy at sufferance exists when a tenant wrongfully stays on the real estate after the expiration of the lease.
The rental lease agreement is a formal contract between a tenant and a property owner, or a representative of the owner, like a property manager, outlining the terms and conditions for living at a rental property in exchange for rent. In order for a lease agreement to be valid, both parties must sign the contract.
The transfer of a right from one party to another. For example, a party to a contract (the assignor) may, as a general rule and subject to the express terms of a contract, assign its rights under the contract to a third party (the assignee) without the consent of the party against whom those rights are held.
A lease assignment occurs when a tenant fully transfers their lease to another party. This is particularly important for tenants who wish to get out of their leases early due to financial issues, especially if a landlord does not allow subleases.