Explain assignment and subletting of Standard Covenants

Question

Explain assignment and subletting of Standard Covenants?

Answer 1

Either tenant or landlord can assign their contractual rights to a third party. The original tenant or landlord can still be liable under the lease if assignee fails to perform obligations under the lease unless the other party agreed to release the assignor from its obligations. Tenant may also sublease leased premises to a third party, in which case she remains a tenant under the lease with original landlord but is also the landlord to the third party. A lease may contain a term prohibiting assignments and/or subleases or requiring landlord’s consent. Ontario law implies a term that such consent cannot be unreasonably withheld.