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Assignment of Lease from Lessor with Notice of Assignment Pennsylvania Form

Assignment of Lease from Lessor with Notice of Assignment Pennsylvania Form

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[Music] hello and welcome to prof Dale's property video number 25 I'm your host Dale Whitman in this video we're going to consider transfers of tenants and landlords interests when real property is subject to Elise let's think for a minute about what interests landlords and tenants have to transfer both of them have legal interests that they can transfer in the case of the landlord the landlord has two interests that can be sold or transferred the first one is called rents namely the right to get the rent from the tenant and in our legal system the right to rents is considered an interest in real property so it can be transferred by an ordinary deed the other interest the landlord has is the reversion that's a future interest it's the right to get the property back in possession again when the lease terminates in the case of a tenant the tenant only has one interest that can be sold or transferred it's the leasehold or non freehol

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