Question

As a tenant, you wish to turn over all rights and responsibilities of your unexpired lease term to a new tenant. If allowed to do so by the owner, you are: a. Releasing your leasehold interest. b. Subleasing your leasehold interest. c. Assigning your leasehold interest. d. Relieving your leasehold interest.

Answer 1

Answer:

c. Assigning your leasehold interest

Explanation:

When a tenant wishes to turn over all rights and responsibilities to a new tenant even though his lease term is yet to expire, he should assign his leasehold interest to the new tenant. Now the new tenant will take over the rights and responsibilities from the old tenant as the assigned lease holder.