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Commercial Sublease

A commercial sublease is a rental arrangement where the lessee in the lease choose to add a third party to the lease. In a commercial sublease, the property being re-rented is being used for purposes related to running a business. Since many buildings are first leased to a company and then re-leased, commercial subleases are actually not uncommon. For business owners, a commercial sublease can also be especially helpful when a move is needed before the lease's end. Business owners currently engaged in a lease can rent their space while without violating their original lease, making themselves capable of moving their business elsewhere. To create a commercial sublease, lessees must first make sure that a sublease will comply with the original lease. A commercial sublease will generally consist of the same components as the original lease.

Fast Facts

  • Subleases can be used to grant only a portion of the property
  • a commercial sublease requires a new lease agreement

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