Contracts
An Alaska lease that is transferable to another tenant by the current tenant is said to contain a:
ARight of first refusal
BAssignment clause✓ Correct
CSubletting provision
DNovation agreement
Explanation
An assignment clause in a lease allows the tenant to transfer (assign) the entire lease to another party. In a sublease, the original tenant remains obligated to the landlord while also entering a new landlord-tenant relationship with the sublessee.
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