Assignment of leases

Updated: Aug 20, 2021

Where a lease is wholly assigned, the original lessee remains liable to the lessor but may have redress against the sub-lessee. The lessor may also sue the sub-lessee directly. Where only part of the term of a lease is assigned, the lessor’s rights are only against the original lessee.

Reference: The Penguin Business Dictionary, 3rd edt.

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