Definitions for "ASSIGNMENT OF LEASE"
Keywords:  lessor, lessee, sublease, lease, tenant
The transfer of the interest of a tenant to another whereby the other person becomes the tenant in the place of the assignor.
The absolute or conditional transfer of the rights of either party to a lease.
A transfer by the tenant (lessee) of his or her interest in the lease to a third person. Both the lessor and lessee may transfer their respective interests in a lease to a third person, unless prohibited by the terms of the lease.