0
An assignment is the transfer of a lease between the current tennant and a prospective tenant.
A sublet is a lease held from a lessor who has a superior landlord.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the difference between a life estate and a life lease?
what is the difference between a life lease and a life estate
What is the difference between lease and sublease?
A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.
What is the difference between primary and secondary lease?
I would think primary is the leasee and the secondary is a sub lease from the leasee.Not always agreed on by the leasor.
Meaning of broking firm?
A booking firm is that firm which helps in negotiating a lease between the parties involved..
Difference between leasehold property and freehold property?
You don't have to pay rent of property which is called annual ground rent, while in leasehold means, you lease the property from owner of property for several years. This is the contract on based of rules, legal rights and responsibilities from both parties.
If you lease a house can you lease it out to another?
You can sublet only if lease allows.
What is the meaning of sublet?
of Sublet, To underlet; to lease, as when a lessee leases to another person.
What is the difference between a life estate and a life lease?
what is the difference between a life lease and a life estate
What does sublet mean?
To lease or rent your already leased or rented apartment/house
How do you spell sublease?
That is the correct spelling of "sublease" (lease used to sublet a property).
Are you responsible for your sublet if your lease ended and they stayed?
This all depends on the terms of your lease. Most apartment complexes do not allow a tenant to sublet. So if the main tenant terminates the tendency, this termination will include everyone. The main tenant is the one who will be responsible to give the landlord back into the apartment.
What type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?
Open End lease
Which type of lease makes you responsible for any difference between the actual and estimated depreciation on the car you lease?
Open-end lease
Not granted permission to sublet can you sue for back rent?
You cannot sue for back rent to a tenant who has sublet in the apartment, when you the landlord did not give permission for that to happen in the first place. You have the right to evict the tenant or to force the tenant not to sublet the apartment. You could write into the lease that if you tenant does sublet, a fee can be charged for every month the subletting occurs, until the subletting ends.
What is a overlease?
An overlease is a lease agreement between a tenant and a subtenant, where the subtenant leases the property from the tenant who is already leasing the property from the landlord. It allows the original tenant to sublet the property to another party.
What does it mean to sublet an apartment?
Subletting an apartment means that a new tenant will take over the remainder of another individual's lease
What is the difference between lease and sublease?
A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.
