Property Management
When a tenant assigns their lease to another party, the original tenant:
AIs completely relieved of all obligations
BRemains secondarily liable unless released by the landlord✓ Correct
CMust pay an assignment fee to AREC
DAutomatically becomes a guarantor of the new tenant
Explanation
In an assignment, the original tenant transfers their entire interest to the assignee but typically remains liable to the landlord unless the landlord expressly releases them.
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