Rental Sublease

Unless a landlord permits subleasing under a tenant's lease terms, a tenant may pursue a rental sublease, though a landlord must usually still be notified and agree to give consent to the sublease. A landlord may ask for additional information before allowing a sublease, and a credit check or background check may be obtained to determine the landlord's risk in allowing the sublease. Regardless of whether a landlord approves or denies a sublease, the original rental tenant is still responsible for the terms of their lease. If a sublease is approved, the original tenant then collects rent from the subtenant, and uses the funds collected to pay rent to the landlord. In some cases, a tenant may charge less than the original rental price for a sublease, and personally pay the remainder. In other cases, often when a rental sublease includes furnishings and other household items, a tenant may charge more than the original rental price.

Fast Facts

  • In mid 2009, the median price for a sublet in Detroit, MI was $525.
  • New York law states that a subtenant in a furnished rent stabilized property may not be charged more than the stabilized rent, plus a 10% surcharge.

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Results 1-5 of 15 for "rental sublease"

  • How to Sublease Office Space

    If you are looking for commercial property, you may wish to sublease office space. Corporate restructuring and...
    • Site: realestatelawyers.com
    • 1 of 1 user(s) found this useful
    • Site: nolo.com
  • The Pros and Cons of

    Two small but important clauses that sometimes pop up (most frequently in shopping center leases) are the “use...
    • Site: landlordtenantlawfirms.com
  • Sublet Agreements

    Tenants often ask their landlords for permission to sublease the rental when they would like to leave before t...
    • Site: landlordtenantlawfirms.com
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  • Sublet and Assignment Clauses in Commercial Leases

    When you’re looking for commercial space, you’ll be asking for just the right amount of square footage, for th...
    • Site: landlordtenantlawfirms.com

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