{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Sublease vs Assignment of Lease What\u2019s the Difference","description":" Enroll in courses here: https:\/\/www.albertarealestateschool.com\/shop\/   or call our Success Team at : 587-936-7779   &amp;nbsp;   Confused about subletting, assignment of lease, and privity concepts? Here\u2019s a simple breakdown.   &amp;nbsp;   Sublease (Subletting) A tenant rents part or all of their leased space to another person while remaining on the original lease.   Example: A business has extra office space and sublets part of it to another professional.   In a sublease:   \u2714\ufe0f The original tenant remains on the lease   \u2714\ufe0f The original tenant is still responsible to the landlord for rent, utilities, and lease obligations   \u2714\ufe0f The subtenant typically deals with the original tenant \u2014 not directly with the landlord   &amp;nbsp;   Assignment of Lease An assignment transfers the lease to a new tenant, usually with the landlord\u2019s approval.   Example: A business relocates and transfers its office lease to another business.   In an assignment:   \u2714\ufe0f The lease is transferred to the new tenant   \u2714\ufe0f Lease responsibilities move to the new tenant   \u2714\ufe0f The new tenant becomes responsible for rent, costs, and lease obligations moving forward   &amp;nbsp;   A helpful analogy:   Sublease = letting someone else use your leased car while you remain responsible.   Assignment = transferring the lease entirely so the new person takes over. Understanding lease structures and privity concepts is important in commercial real estate and property management.   &amp;nbsp;   Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. Link in the comments.   \ud83d\udcaf We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! \ud83d\udd25   \ud83d\udcbb: www.albertarealestateschool.com   &amp;nbsp;   #ALBERTAREALESTATESCHOOL #passyourRECAexam #albertarealestateeducation #Albertamortgagebroker #ALBERTAREALESTATE  ","author_name":"Alberta Real Estate Tutor","author_url":"http:\/\/albertarealestateschool.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42910627\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/42910627"}