Learning Objectives:

1. How the landlord's reversionary interest works and how it may be assigned.

2. Two ways in which a tenant's leasehold interest may be transferred to another party.

Know below:

• The three limitations on landlords to freely transferred his interest
• Why would a tenant transfer his interest?
• If a tenant transfers his interest by assigning, what does it mean?
• The duties of an assignor and an assignee in a lease?
• If a tenant transfer his interest by subletting, what does this mean?

Could you help me explain the things in the "know section"?

I would appreciate to please assist me in this instance. Thanks.