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Source Partnership Property Partnership Property Matched to this deck.

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0 tracked cards Real Property

Tenant assigns the entire remaining lease term to Assignee. Assignee takes possession and later fails to pay rent. Landlord never expressly released Tenant.
Which statement best describes liability for rent accruing while Assignee holds the leasehold?

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The assignee is liable forever even after assigning the lease to another person. The landlord's acceptance of rent always releases the original tenant by novation. The original tenant remains liable on privity of contract unless released, and the assignee is liable on privity of estate while holding the leasehold. The assignee is liable only if the transfer document uses the word 'assignment.'

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