While a sublease and an assignment are two distinct choices for a tenant who wishes to transfer their rights during the term of a lease, both agreements:

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Question restatement: The prompt asks about the common effect of both a sublease and an assignment in a lease when a tenant wishes to transfer rights during the term of the lease. The four options present different implications of how such transfers work.
Option 1: 'transfer all of a tenant’s rights to another party.' This describes a pure assignment scenario rather than a sublease. A sublease does not usually transfer all rights; the original tenant retains some residual rights and remains involved under the original lease. Therefore this option overstates the effect for subleases and is not accurate for both arrangements.
Option 2: 'transfer only a subset of rights to another party.' This is closer to the concept of a sublease, where the lessee may transfer possession of part or all of the leased premises for a term shorter than the remaining tenancy, but it does not capture the typical outcome for both arrangements, since assignments can transfer all rights in many situations. As a statement about both types, it is misleading.
Option 3: 'grant another party the right to cancel the original lease before expiration.' Neither subleases nor assignments inherently give the new party a right to cancel the lease; termination rights are contractually defined and not a standard effect of transferring rights. This option misstates the fundamental mechanics of subleasing and assignment.
Option 4: 'maintain that the original tenant be held liable for fulfilling the original lease unless otherwise specified.' This reflects the common rule: when a tenant sublets or assigns, the original tenant typically remains liable under the lease unless the landlord explicitly releases them from liability or approves a full release in an assignment. This liability in both scenarios ensures the landlord can still seek performance or rent from the original tenant if the new party defaults. This statement correctly describes the usual default liability framework for both subleases and assignments, given typical lease terms and standard landlord consent processes.
In summary, evaluating each option against the typical legal framework shows that the most accurate, universal statement for both sublease and assignment is that the original tenant remains liable unless the landlord expressly releases them. The other options describe scenarios that do not consistently apply to both transfer mechanisms and thus are incorrect.

R E 250 A Final Exam

While a sublease and an assignment are two distinct choices for a tenant who wishes to transfer their rights during the term of a lease, both agreements:

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