Examlex
Kelly, an unemployed architect, moves from Boston to Phoenix to accept a job as a chef at a restaurant. Kelly's moving expenses are not deductible because her new job is in a different trade or business.
Generally Enforceable
Describes a legal agreement or contract that is valid and capable of being executed or acted upon under the law.
Subletting
The act of renting out a leased property by the original tenant to a third party for a subset of the lease period.
Assign the Lease
The process of transferring all or part of the rights and obligations of an existing lease from the original tenant to another party.
Voidable
Legally valid until annulled; a contract or agreement that can be legally declared invalid.
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