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Sublease Contract

A sublease contract is a rental agreement contract between a current tenant and a third party who will be occupying the property during the original tenant's absence. The property is rented from the landlord by the lessee, then rented out to the third party by using a sublease contract. After signing a sublease contract the new tenant, also called the モsublessee,ヤ becomes responsible for paying rent on the property. The sublessee generally pays rent to the original tenant, who in turn pays the landlord. The original tenant is still responsible for any damage to the property caused by the sublessee. In some cases a sublease contract may specify that a smaller amount of rent to paid by the sublessee, leaving the remaining balance to be paid by the original tenant. Consent must be given by the landlord before a sublease contract may be agreed upon. A landlord is allowed to withhold consent, however the landlord must show reasonable cause to do so.

Fast Facts

  • A landlord usually has 30 days to either consent to or prohibit a sublease.
  • Subleases are common for both residential and commercial properties.

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  • Residential Sublease Agreements

    A subleasing contract is an effective method to allow a tenant to save money on expenses if they decided to va...
    • Site: landlordtenantlawfirms.com
  • 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
  • Subleasing Benefits and Risks

    Current adverse economic conditions are causing many tenants to consolidate and reduce their space requirement...
    • By: Lars Andersen
    • Site: realestatelawyers.com
    • 1 of 1 user(s) found this useful
  • Sublet Agreements

    Subletting occurs when a tenant decides for whatever reason to vacate their lease premises prior to the lease ...
    • Site: landlordtenantlawfirms.com
  • Getting Out of Commercial Leases

    If you are trying to get out of commercial leases, you should consider the ramifications and these tips in adv...
    • Site: realestatelawyers.com

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