If a Lease Expressly Prohibits Assignment by the Tenant, the Tenant

question 1

True/False

If a lease expressly prohibits assignment by the tenant, the tenant cannot sublet the property.

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Definitions:

Increases and Decreases

Terms used to describe the upward and downward movements in financial and non-financial metrics within business operations.

T Account

The simplest form of an account.

Debit

An accounting entry that represents an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.

Credit

An accounting entry that either decreases assets or increases liabilities and equity on a company's balance sheet, depending on the transaction.