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LSDefine

Simple English definitions for legal terms

assignable lease

Read a random definition: indebiti solutio

A quick definition of assignable lease:

An assignable lease is a contract where someone who owns a property lets someone else use it in exchange for money. The person using the property can transfer the lease to someone else. It's like renting a house, but the renter can let someone else rent it from them.

A more thorough explanation:

An assignable lease is a type of lease that allows the lessee to transfer the lease to a successor. A lease is a contract in which the rightful possessor of real or personal property conveys the right to use and occupy the property in exchange for consideration, usually rent. The lease term can be for life, for a fixed period, or for a period terminable at will.

For example, if John leases an apartment for a year and then decides to move out after six months, he can transfer the lease to another person who will take over the remaining six months of the lease. This is known as subleasing. The new person becomes the lessee and is responsible for paying rent and following the terms of the original lease agreement.

Another example is a commercial lease, where a business leases a property for business purposes. If the business is sold or transferred to another owner, the lease can be assigned to the new owner, allowing them to continue using the property for the remaining lease term.

assignable | assignation

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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