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Which of the Following Statements Is CORRECT

question 30

Multiple Choice

Which of the following statements is CORRECT?


Definitions:

Sublease

A transfer of some but not all of a tenant’s remaining right to possess property under a lease.

Assignment

Process of transferring one's interest or benefit in a contract or property to another party, effectively changing the party responsible.

Commercial Property

Commercial property is real estate intended for use in commerce, such as offices, stores, and factories.

Partial Rights

Limited legal entitlements that do not encompass full ownership or control.

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