Contracts
A lease assignment differs from a sublease in that in an assignment:
AThe original tenant retains all liability for rent
BThe original tenant transfers all remaining lease rights and obligations to the assignee; in a sublease, the original tenant remains primarily liable✓ Correct
CThe landlord must approve the assignment but not a sublease
DAssignment is always prohibited; subleasing is always permitted
Explanation
In an assignment, the assignee steps into the original tenant's position for the remaining lease term and the original tenant may be released (unless the landlord doesn't consent to release). In a sublease, the original tenant remains primarily liable to the landlord.
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