Which party is responsible for rent payment in an assignment of a leasehold interest?

In an assignment of a leasehold interest, the party responsible for rent payment is the new party assigned the lease. When a tenant assigns their lease to another party, the assignee (the new tenant) steps into the shoes of the original tenant regarding the obligations outlined in the lease, including the obligation to pay rent.

This means that the assignee is directly responsible for paying rent to the landlord as specified in the lease agreement. The original tenant, while having transferred their rights under the lease, may still bear some liability for the lease obligations unless there is a release agreement. However, the primary responsibility for making rent payments falls on the new tenant who now occupies the leased premises. It is important to note that this situation can be influenced by the terms of the lease and the laws of the jurisdiction, but the general principle is that the assignee undertakes the duty to pay rent.

The other parties mentioned, such as the original tenant, the landlord, and the real estate agent, do not take on the responsibility for rent in the context of a valid assignment. The original tenant may still be liable if the lease agreement holds them accountable, but the immediate obligation to pay rent is transferred to the assignee. The landlord expects rent payments from