Asked by Jacob Delgado on Apr 27, 2024
Verified
A sublease is made when the tenant transfers control of his entire interest in the leased property to a third party.
Sublease
A legal agreement where a tenant rents out a property they are leasing to another party.
Entire Interest
A phrase indicating the total ownership or complete control of property or an asset.
- Apprehend the concepts that dictate the initiation, transmission, and termination of leasehold interests.
Verified Answer
BR
BINOY RAJESHApr 30, 2024
Final Answer :
False
Explanation :
A sublease occurs when the tenant transfers less than his entire interest in the leased property to a third party, retaining some right or interest for himself. When the tenant transfers their entire interest, it is an assignment, not a sublease.
Learning Objectives
- Apprehend the concepts that dictate the initiation, transmission, and termination of leasehold interests.
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