What does "freely transferable" mean in relation to property leases?

Freely transferable, in the context of property leases, refers to the ability to assign or transfer lease rights without any restrictions imposed by the landlord. This means that a tenant has the right to hand over their lease obligations and benefits to another party without having to obtain consent or meet certain conditions set by the landlord. This concept is important as it provides tenants with the flexibility to manage their leases in a way that suits their needs, such as in situations where they might need to move or sublet the property. The ability to transfer lease rights freely can enhance the marketability of the lease and protect the tenant's interests in changing circumstances.