Sublet Form

A sublet form is a standard form used to sublet a property. When a tenant who is leasing a property wished to vacate the property before the lease term expires, the tenant may decide to sublet the property to a third party to avoid any penalties that might result from terminating the lease early. A sublet, also called a sublease, allows a third party to rent a property from the original leaseholder. A sublet form is signed by the parties involved; the sublet form outlines the specific terms of the sublease. Before a sublet form can be signed, a landlord's consent is usually required. A landlord may request more information concerning the sublease arrangement before giving consent to the sublease. Subleases are common for both residential and commercial properties. In the case of commercial properties, commercial leaseholders often sublet office space to other companies; this sometimes occurs when the original leaseholder goes out of business or transfers their offices to another location.

Fast Facts

  • In mid 2009, the median price for a sublet in Tampa, FL was $2300.
  • In mid 2009, the median rental price for a residential sublet in New York City was $2800.

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