Meaning of Sublease: A Comprehensive Guide
Subleasing is a term that often comes up in the world of real estate and renting. But what exactly does it mean? Essentially, a sublease is when a tenant rents out their rented property to another individual, known as the subtenant. This arrangement allows the original tenant to temporarily transfer their lease responsibilities to the subtenant while still retaining some control over the property. One of the key benefits of subleasing is that it can help tenants offset some of their rental costs. By subletting their space to another individual, tenants can continue paying rent to their landlord while the subtenant covers a portion or all of the rent. This can be particularly helpful for tenants who need to move out before their lease term ends but do not want to break their lease agreement. However, before diving into subleasing, there are several legal considerations that both tenants and landlords should keep in mind. In many cases, the original lease agreement between the tenant ...