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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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Articles

Results 1-5 of 7 for "subletting"

  • Moving in, Roommates and Subletting

    Before moving into the rental unit, the landlord will most likely have a property condition checklist that you...
    • Site: lawfirms.com
  • Sublet Agreements

    Subletting occurs when a tenant decides for whatever reason to vacate their lease premises prior to the lease ...
    • Site: landlordtenantlawfirms.com
  • Rent Payment Rules and Law

    Rent control laws are passed by each city and vary from region to region. There is no general state rent contr...
    • Site: lawfirms.com
    • 2 of 3 user(s) found this useful
  • Commercial Property Contract

    A general explanation of what commercial property contracts are, important elements within them, and an explan...
    • Site: realestatelawyers.com
  • Rental Agreement Contract Terms

    A rental agreement is a written contract between a landlord and a tenant which gives the tenant the right to o...
    • Site: realestatelawyers.com
    • 1 of 1 user(s) found this useful

Q&A

Results 1-4 of 4 for "subletting"

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