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- Dictionarysub·lease
noun
- 1. a lease of a property by a tenant to a subtenant.
verb
- 1. another term for sublet
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May 2, 2021 · A sublease is the re-renting of property by an existing tenant to a new third party for a portion of the tenant’s existing lease contract. Learn about the benefits, risks, and legal aspects of subleasing, and see an example of a sublease agreement.
Oct 23, 2016 · A sublease is a rental agreement between someone who has leased a house or apartment, and another person who wishes take over. Typically, a sublease is created when a tenant finds that he cannot continue meeting the terms of the lease as agreed.
The meaning of SUBLEASE is a lease by a tenant or lessee of part or all of leased premises to another person but with the original tenant retaining some right or interest under the original lease. How to use sublease in a sentence.
Jul 12, 2023 · A sublease refers to an arrangement where a tenant leases all or a portion of their rented property to another party, known as the subtenant. In this agreement, the original tenant becomes the sublessor and assumes the role of the landlord to the subtenant.
A sublease, by legal definition, is a contract between a tenant and a sub-tenant to rent a residential or commercial space for a defined period. In a sublease, the property owner rents to a tenant who wants to vacate the premises without breaking any lease agreements and still pay rent.
Dec 1, 2023 · Subleasing is renting out your leased property to another tenant with your landlord's permission. Learn how subleasing works, the differences between subleasing and subletting, and the legal and practical aspects of subleasing.
May 2, 2023 · A subleasing agreement is when an existing tenant renews a portion of their current lease agreement with a new third party. Subleasing may also be used to refer to the sublease arrangement. The initial lease terms may or may not permit subleasing.
