A transfer of “the lease” or of “all my rights under the lease”, or a transfer in similar general terms, is a transfer of rights and, unless the language or the circumstances, as in a transfer for security, indicate the contrary, the transfer is a delegation of duties by the transferor to the transferee. Acceptance by the transferee constitutes a promise by the transferee to perform those duties. The promise is enforceable by either the transferor or the other party to the lease contract.
Unless otherwise agreed by the lessor and the lessee, a delegation of performance does not relieve the transferor as against the other party of any duty to perform or of any liability for default.
In a consumer lease, to prohibit the transfer of an interest of a party under the lease contract or to make a transfer an event of default, the language must be specific, by a writing, and conspicuous.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Part 3 - Effect of Lease Contract
§ 47-2A-301. Enforceability of Lease Contract
§ 47-2A-302. Title to and Possession of Goods
§ 47-2A-304. Subsequent Lease of Goods by Lessor
§ 47-2A-305. Sale or Sublease of Goods by Lessee
§ 47-2A-306. Priority of Certain Liens Arising by Operation of Law
§ 47-2A-309. Lessor's and Lessee's Rights When Goods Become Fixtures
§ 47-2A-310. Lessor's and Lessee's Rights When Goods Become Accessions