Define: Cessor

Cessor
Cessor
Cessor FAQ'S

A Cessor agreement is a legal contract between a landlord and a tenant that transfers the rights and responsibilities of the lease to a new tenant, known as the “cessor.” The cessor takes over the lease and assumes all obligations and liabilities associated with it.

In most cases, a landlord cannot unreasonably refuse to allow a cessor. However, there may be specific circumstances outlined in the lease agreement that restrict or prohibit the assignment of the lease to a new tenant.

A valid cessor agreement typically requires the consent of the landlord, the cessor, and the original tenant. It should be in writing and signed by all parties involved. Additionally, any necessary documentation, such as proof of the cessor’s financial stability, may be required.

Yes, a cessor can be held liable for unpaid rent or damages if they assume the lease agreement. By accepting the cession, the cessor becomes responsible for fulfilling all the obligations outlined in the original lease, including payment of rent and any damages caused during their tenancy.

In most cases, a cessor cannot unilaterally terminate the lease early without the consent of the landlord. The terms and conditions regarding lease termination should be outlined in the original lease agreement.

A landlord may charge a reasonable administrative fee for processing a cessor agreement. However, the specific amount and conditions for such a fee should be clearly stated in the lease agreement or discussed and agreed upon by both parties.

A cessor generally cannot make changes to the lease agreement without the consent of the landlord. Any modifications or amendments to the lease should be discussed and agreed upon by all parties involved.

No, a cessor cannot be held responsible for the actions of the original tenant. Once the cessor assumes the lease, they become solely responsible for their own actions and obligations as outlined in the lease agreement.

No, a landlord cannot refuse a cessor based on discriminatory reasons such as race, religion, gender, or disability. Refusing a cessor on such grounds would be a violation of fair housing laws. However, a landlord can refuse a cessor for legitimate reasons, such as the cessor’s inability to meet the financial requirements or provide satisfactory references.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 23rd April 2024.

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