What is the legal term for the transfer of the right to collect income from property to another?

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The legal term for the transfer of the right to collect income from property to another is an "assignment." In this context, an assignment refers to a transfer of rights or interests under a contract, including the right to receive rent or other income generated from property. This concept is prevalent in lease agreements, where a tenant (the assignor) can transfer their rights and responsibilities under the lease to another person (the assignee).

The other terms provided refer to different legal concepts:

  • An easement typically grants a non-owner the right to use a portion of another's property for a specific purpose, such as access or utilities, but does not involve transferring income rights.

  • A sublease occurs when a tenant rents out their leased property to another party while retaining some interest or rights in the original lease. The original tenant remains responsible to the landlord.

  • Profits à prendre refers to the right to enter another's land and take natural resources, such as timber or minerals, and is not specifically about the right to collect income from property.

Therefore, the term "assignment" accurately describes the transfer of income collection rights, making it the correct answer.

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