The Tenant Has a Right to Assign the Lease to a Third

question 4

True/False

The tenant has a right to assign the lease to a third party unless otherwise prohibited in the lease .

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Definitions:

Agency Cost

Agency cost refers to the expenses incurred due to the conflict of interest between shareholders and management within a company.

Principals

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Agents

Individuals or companies authorized to act on behalf of another person or company in commercial transactions.

Payment Default

The failure to make a required payment on a loan or other debt obligation by the due date.