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We recently posted an article about subleases, and how this may be a remedy for renters who need help paying the rent, or need to move out of their rental unit temporarily but plan on coming back.  However, if a tenant who has entered into a written lease agreement for a fixed period of time needs to move out PERMANENTLY before the lease term ends, they would be better off executing an assignment of the lease.  This can be an issue with residential or commercial leases.

Situations can arise where a renter who has entered into a written lease agreement for a fixed period of time needs to move out (even if only temporarily) before the lease term has ended.   Maybe the tenant got a new job suddenly and needs to relocate.  Maybe the tenant knows he or she won’t be able to make rent payments anymore and wants to avoid an eviction on their record.  Maybe the tenant is a college student and plans on going home for the summer but wants to return again in fall.