What Is the Difference Between the Assignment of a Lease

question 48

Essay

What is the difference between the assignment of a lease and the subletting of a lease? How does each pertain to the rights and duties of the original tenant?

---

Definitions:

Labor-Management

The interaction, negotiation, and relationship between the workforce (labor) and the management team of an organization, often focusing on collective bargaining, workplace conditions, and labor rights.

Labor Agreement

A contractual agreement between an employer and a group of employees (often represented by a union) regarding terms of employment.

Break-Even Analysis

An evaluation to determine the point at which revenues and expenses are equal, and no net loss or gain is achieved.

Variable Costs

Costs that change in proportion to the level of activity or volume of output in a business, such as materials and labor costs.