Property Management
In New Mexico, a commercial tenant who assigns their lease transfers:
AOnly their rent obligation to the assignee
BAll rights and obligations under the lease to the assignee, though the original tenant may remain liable unless released✓ Correct
CThe property itself to the assignee
DNo rights—assignment is always prohibited
Explanation
A lease assignment transfers all the tenant's rights and obligations to the assignee. Unless the landlord releases the original tenant in writing, the original tenant typically remains secondarily liable if the assignee defaults.
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