Subletting

Renters that have rented property can re-rent by means of subletting, a process that consists of creating a sublease, also called a sublet, with a third party. This new arrangement will require the creation of an entirely new lease to establish the agreement. However, the original lease may include a provision to ban subletting. When a sublease is enacted, the original lessee becomes a sublessor while the new party becomes a sublessee. Throughout the course of the sublease, however, the sublessee remains liable to the original lease. The most common example of subletting is in the case of owner that leases to a management company which, in turn, subleases to tenants of its own.

Fast Facts

  • Subletting must first be approved by the landlord
  • Legally, a sublease should be used for lodgers that pay rent

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Results 1-5 of 24 for "subletting"

  • Moving in, Roommates and Subletting

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  • Sublet Agreements

    Tenants often ask their landlords for permission to sublease the rental when they would like to leave before t...
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    To avoid disputes with your landlord regarding assignments and subletting of your lease premises, you should n...
    • Site: realestatelawyers.com
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