What is the main difference between a sublet and a lease assignment?

The main distinction between a sublet and a lease assignment revolves around the retention of the lease by the original tenant. In a sublet situation, the original tenant (sublessor) retains the lease agreement while allowing another party (sublessee) to occupy the rental unit. This means that the original tenant maintains responsibility for the lease terms, in addition to the responsibilities that come with the sublet, such as paying rent.

On the other hand, in a lease assignment, the original tenant effectively transfers all rights and obligations under the lease to the new tenant (assignee). This means that the original tenant is no longer directly responsible for lease obligations once the assignment is complete.

Understanding this difference is crucial when navigating rental agreements, as it affects legal responsibilities and relationships between parties involved in the rental. Recognizing that a sublet allows the original tenant to keep their lease while temporarily letting someone else live in the unit clarifies the tenant's ongoing commitments and rights under the original agreement.