An assignment of lease is when you transfer your entire lease to a new tenant, who then takes over your rights and obligations for the rest of the term. Unlike subletting, assignment usually ends your tenancy, though you may stay partly responsible if your landlord requires it.
In short
An assignment of lease is when you transfer your entire lease to a new tenant, who then takes over your rights and obligations for the rest of the term. Unlike subletting, assignment usually ends your tenancy, though you may stay partly responsible if your landlord requires it.
Assignment can be a clean exit from a lease, but you may remain liable if the new tenant defaults, so understanding the terms and getting a clear release protects you financially.
Transfers your whole lease to a new tenant for the remaining term
Differs from subletting, which keeps you on the lease
Usually requires the landlord's written approval
You may stay liable unless the landlord releases you
The new tenant takes on your rights and obligations
Rules and approval rights vary by state and lease
Assignment transfers your whole lease to a new tenant and usually ends your tenancy, while subletting keeps you on the lease as the responsible tenant. Assignment is a fuller handoff.
Sometimes. Unless your landlord gives you a written release, you may remain liable if the new tenant fails to pay or breaks the lease. Always ask for a release.
Often yes, especially if your lease requires consent, though some states say a landlord can't unreasonably refuse. Check your lease and state law.
Can I break my lease early without penalty?
It depends on your situation and state law. You may be able to break your lease penalty-free if your landlord ...
How can I get out of my lease for safety reasons?
Most states allow tenants to break a lease early without penalty if their safety is at risk. This includes dom...
What is a lease early termination fee and is it enforceable?
An early termination fee is a charge specified in your lease for ending the agreement before it expires, typic...
See how your lease handles assignment of lease. Our Honestkey™ analyzes every clause against state law.
Free Lease ScanStart today — your first scan is free and takes about a minute. No credit card.