Article 2A — Leases · Section 2a-210
An overview of UCC § 2a-210 governing the assignment and subleasing of lease agreements.
Source: U.C.C. § 2a-210
Unless the lease agreement otherwise provides, a lessee may assign their rights and duties under the lease or sublease the leased goods.
UCC § 2a-210 allows a lessee to assign their lease rights and obligations or to sublease the leased goods unless the lease agreement states otherwise. This provision provides flexibility for lessees to transfer their interests.
A person or entity that leases goods from another, known as the lessor.
A person or entity that leases goods to another, known as the lessee.
The transfer of rights and duties under a lease agreement from one party to another.
An arrangement where the lessee rents out the leased goods to a third party while retaining their obligations under the original lease.
Example 1
A business client leases a copier but decides they no longer need it. The business assigns the lease to another company, allowing the new lessee to assume payments and responsibilities.
Example 2
An apartment tenant wishes to leave for a job opportunity. They sublease their apartment to a friend, while still legally responsible for rent under the original lease.