Assignments and Subleases

Question 1

Assignment

Answer 1

When a tenant transfers all interest in a lease for the remaining term.

Question 2

The assignee comes into _____ with the landlord

Answer 2

Privity of estate

Question 3

Privity of estate makes the _____ and the ______ liable to each other on the ________ of the original ______.

Answer 3

landlord, tenant, covenants, lease

Question 4

Privity of contract creates a _________ between ________ whether they are ___________

Answer 4

legal relationship, those who entered into the contract, in privity of estate

Question 5

Sublease

Answer 5

When a tenant transfers less than the entire remaining term of lease and he becomes the LL of the sublease.

Question 6

The ________ is not in _________ with the _________ and cannot _____ or _____ by the ______

Answer 6

sublessee, privity of estate, landlord, sue, be sued, landlord

Question 7

In determining whether instrument conveyed an assignment or lease what must we ascertain?

Answer 7

The intention of the parties (Ernst)