This is an Assignment of Lease. An assignment of a lease is the transfer of a lease by a lessee to a third party, with all its rights and obligations. The lessee transfers the entire unexpired remainder of the lease term to a third party. The assignor remains liable under the original lease contract unless expressly released by the original lessor.
Start by talking to your landlord and finding a suitable person to take over your lease. It's like planning a road trip; you need to map out your route before hitting the road.
You might still be on the hook for any issues with the property or unpaid rent. Think of it as having a safety net; you’re still responsible until the lease officially ends.
Yes, it's best to get it in writing. A handshake may seal the deal, but having a paper trail is much safer.
If you can't find a new tenant, you may still be responsible for paying rent. It’s like being stuck with the bill after a dinner party if nobody else chips in.
Not really. Your landlord may have some say in who takes over your lease. It's like being picky about who gets your prized possession.
Typically, the landlord needs to give the green light. It's always smart to check your lease agreement to see what's required.
A basic assignment of lease is when a tenant transfers their lease rights to another person. It's like passing the baton in a relay race—the new tenant takes over the responsibility.
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