Sublease Agreement
A sublease agreement is a second lease that is made as a byproduct of the original, granting a third party with temporary use of the property under the original lessee. The original lessee creates a new lease, called a sublease, in which he becomes a sublessor and the new tenant a sublessee. Just as in the original lease, temporary use of property is given in exchange for payment, which means the sublessor is renting as well as receiving rent. A sublease agreement will probably govern the lease through similar terms as the original lease ヨ security deposits, length of lease, and conditions of property use ヨ especially so because the sublessor is completely liable to the terms of the original lease. However, different payment terms are normally defined in the sublease.
Fast Facts
- subleases for lodgers depend on exclusive possession
- some sublessees may actually pay less than what the original lessee is paying




