Contracts
Under Alaska law, an assignment of a lease differs from a sublease in that:
AAn assignment requires landlord approval while a sublease does not
BIn an assignment, the original tenant transfers all their rights and obligations to a third party✓ Correct
CIn a sublease, the original tenant transfers all lease obligations to the subtenant
DAssignments require the landlord to sign a new lease
Explanation
In an assignment, the original tenant transfers their entire interest in the lease to the assignee. The assignee steps into the original tenant's position.
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