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Kay signs a one - year lease for a studio apartment with landlord Al . Which of the following is an example of a novation?
Kay signs a oneyear lease for a studio apartment with landlord Al Which of the following is an example of a novation?
A A balcony unit opens up so Al substitutes a new lease for that unit, and Kay moves.
B Kay's job is transferred out the state, so she needs to move; her sister, Kara is looking for a place, so Kara signs an agreement to pay the rent each month, moves in and takes over payments for the lease.
C Kay decides she would like to move prior to the one year mark, and Al agrees to end the lease early.
D Kay's lease ends, and Al lets her remain in the apartment monthtomonth without a new signed agreement.
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