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Sublet Contract

A sublet contract is a legal contract outlining the terms of a sublet, also called a sublease. When a tenant who is currently leasing a rental property must leave the property for an extended amount of time, for travel, work, school, or other reasons, that tenant may decide to sublet the property to a third party. The third party, also referred to as the モsublessee,ヤ would live in the property and pay rent during the original tenant's absence. A sublet contract is generally signed; the contract outlines the terms of the sublet. Before signing a sublet contract, the landlord or property owner must be notified and given time to ask for more information before allowing or denying the sublet. Some landlords prefer to use their own sublet contract, while others may leave it up to the tenants. A sublet contract should clearly state both the responsibilities of the sublessee and the original tenant, also referred to as the モsublessor.ヤ

Fast Facts

  • Approximately 62.9% of renter occupied housing units in 2007 were 2 to 3 bedroom units.
  • Sublease space in Chicago increased about 40% during the first quarter 2009, to 3.8 million feet
  • In mid 2009, the median price for a sublet in Portland, OR was $800.

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  • Sublet Agreements

    Subletting occurs when a tenant decides for whatever reason to vacate their lease premises prior to the lease ...
    • Site: landlordtenantlawfirms.com
  • Landlord Commercial Lease

    Commercial lease agreements are used for leasing commercial property such as a store, restaurant, shopping cen...
    • Site: landlordtenantlawfirm.com
  • Landlord Commercial Lease

    Commercial lease agreements are used for leasing commercial property such as a store, restaurant, shopping cen...
    • Site: landlordtenantlawfirm.com
  • Landlord Commercial Lease

    Commercial lease agreements are used for leasing commercial property such as a store, restaurant, shopping cen...
    • Site: landlordtenantlawfirm.com
  • Landlord Commercial Lease

    Commercial lease agreements are used for leasing commercial property such as a store, restaurant, shopping cen...
    • Site: landlordtenantlawfirm.com

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