assignable lease

assignable lease
A lease which can be sold, transferred, and assigned by the lessee without permission from, or consent of, the lessor. Stillman v Lynch, 56 Utah 540, 192 P 272, 12 ALR 552, 560.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • assignable lease — A lease which contains a provision permitting its transfer by lessee or one which is silent as to lessee s right to transfer his interest and hence a lease which may be transferred. Assignment of lease is distinguishable from sublease to extent,… …   Black's law dictionary

  • assignable lease — A lease which contains a provision permitting its transfer by lessee or one which is silent as to lessee s right to transfer his interest and hence a lease which may be transferred. Assignment of lease is distinguishable from sublease to extent,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • assignment of lease — Such occurs where lessee transfers entire unexpired remainder of term created by lease as distinguished from sublease which transfers only part of remainder. Dayenian v. American Nat. Bank and Trust Co. of Chicago, 91 Ill.App.3d 622, 47 Ill.Dec.… …   Black's law dictionary

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  • assign — as·sign 1 /ə sīn/ vt 1: to transfer (property or rights) to another the general practice by inventors of assign ing patent rights J. K. Owens 2: to appoint to a post or duty assign ed to represent the defendant …   Law dictionary

  • transfer — I (New American Roget s College Thesaurus) Convey from one person to another Nouns 1. transfer, transference, transmission, transmittal, transmittance, consignment; transfusion, displacement, dislodgment; metastasis; shift, change, removing,… …   English dictionary for students

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