Written agreements guarantee the rental agreement and guarantee security If a “fixed” term is chosen, the lease can continue even after the expiry of the lease if the lessor and the tenant so wish. In some jurisdictions, the law states that this is a periodic lease, usually from month to month, although this may vary. In other jurisdictions, the temporary lease may become, upon expiration, an “all-you-can-eat lease” or a “lease” that lasts only as long as both parties wish and is not subject to as much legal protection as a periodic lease. If you wish to terminate all rights to a fixed-term rental agreement as soon as the rental agreement expires, you must terminate it correctly before the expiry of the term of the rental agreement, in accordance with local law. Second, the agreement contains the terms of the lease. Assignments and subleases occur when the tenant assigns his rights to the lease to a third party. A subletting or assignment usually requires the agreement of the owner. An assignment is made when the tenant transfers to a third party all remaining rights in a rental agreement for the duration of the lease. If a tenant is the owner and the lessor accepts the assignment, that tenant no longer has any rights to the property or obligations to the lessor.
In case of subletting, the tenant can transfer part of the rental space to a third party (for example. B a room in a house) or part of the lease (e.g.B. for 5 of the remaining 6 months of the lease). The original tenant retains all rights in the lease that he or she has that have not been transferred to the third party and also retains most of his or her obligations under the lease.