Contracts
What is an anti-assignment clause in a Nevada commercial lease?
AA clause preventing the landlord from selling the building
BA lease provision prohibiting the tenant from assigning (transferring) their lease to another party without the landlord's consent✓ Correct
CA clause preventing assignment of the purchase contract
DA clause preventing the agent from being replaced mid-transaction
Explanation
An anti-assignment clause prohibits the tenant from assigning their leasehold interest to another party without the landlord's prior written consent. This protects the landlord's ability to control who occupies the space and ensures the financial strength of the tenant.
Related Nevada Contracts Questions
- What is a purchase and sale agreement (PSA) in Nevada?
- In Nevada, a lease for more than one year must be:
- When does a counteroffer in Nevada legally terminate the original offer?
- What is the legal effect of a unilateral contract in Nevada real estate?
- A seller's disclosure in Nevada must include:
- What is a 'right of first refusal' (ROFR) clause in a Nevada real estate context?
- What is an 'as-is' clause in a Nevada real estate contract?
- What is a 'seller's market' versus a 'buyer's market' and how does it affect contract negotiations in Nevada?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →