LAW 516-001 – Property II
Types of lease transfers:
A sublease is when a tenant gives anything less than all of his possessory rights. This then makes the tenant the landlord of the sublessee.
Traditionally, these have allowed the landlord to withhold consent for any reason whatsoever, but a growing minority restricts the landlord to what is commercially reasonable.
Simply withholding consent to obtain an increase in rent is not a reasonable reason unless the landlord experiences some increase in cost.
A statute of frauds is a defense that prevents the enforcement of a land transfer transaction or a lease longer than one year unless there is a signed written memorandum listing the price, parcel, and parties.
Neither a legal description of the property nor the parties' full names are required, only enough to identify them.