Renter glossary
Assignment
Page last updated: August 22, 2026 · How we source & update
Definition
Transferring your entire lease to someone else, who takes over your rights and obligations.
Why it matters to renters
It differs from a sublet and usually needs landlord consent — the details protect you from lingering liability.
Example
Handing your lease to a new tenant for the rest of the term is an assignment.