• What is the difference between a Sublease and an Assignment of a Lease?

    A sublease is a lease from one tenant (lessee) to another (called subtenant or sublessee). The agreement between the landlord (the lessor) and the first lessee remains in force and governs the terms of the sublease. An assignment of a lease is a complete transfer of the right to be the tenant under the lease from one tenant to another. The landlord no longer holds the first tenant liable under the original lease. Our normal fee to the assignor (person assigning their lease to another) is one month’s rent.