Sublease Meaning With Example

State:
New York
Control #:
NY-P066-PKG
Format:
Word; 
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Description

This package contains essential legal documents to help you prior to and during the process of subleasing a rental property. It contains documents that are vital for addressing legal issues that may arise between a landlord, tenant and subtenant prior to or as a result of a sublease of a particular property.



The documents in this package include the following:



1) Application for Sublease

2) Letter from Tenant to Landlord -Landlord’s Refusal to Allow Sublease is Unreasonable

3) Letter from Landlord to Tenant- Sublease Granted, Rent Paid by Sub-Tenant, Old Tenant Released from Liability for Rent

4) Letter from Landlord to Tenant-Sublease Granted, Rent Paid by Sub-Tenant, but Tenant Still Liable for Rent and Damages

5) Letter from Tenant to Landlord Containing Request for Permission to Sublease

6) Sublease of an Apartment


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Example of a Sublease For example, if a tenant is renting an apartment in Chicago with a 12-month lease and, during month four, that tenant receives a job offer in Boston, the tenant may decide to sublease the apartment to another tenant for the remaining eight months.

Tips for Advertising a Sublease CORT....The Secrets to Advertising Your SubleaseEnsure That Subleasing Is An Option. Don't make the assumption that you can sublease.Check Out the Competition.List the Pros.Make Your Space Stand Out.Consider Your Furnishings.Identify Your Outlets.Advertise Your Sublease.

Include the following sections when drafting a simple sublease agreement:Premises: address and description of the residence that is being leased.Tenant: full name and address of the original tenant.Subtenant: full name and address of the subtenant who is taking over the lease.Term: when the sublease will begin and end.More items...

Introduction. A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant. Lease contracts are contracts between a tenant and the owner of the property.

Examples of sublease in a Sentence Verb She subleased her apartment to a student for the summer. The agency subleases office space from a law firm.

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What Is Subletting or Subleasing? Subleasing is when the person whose name is on the lease finds another person to pay the monthly rent.A sublease is a new contract between the lessee and the sublessee. The original lessee turns into a sublessor in this new contract. Typically, a sublease lasts until the end of the original term for the original lease. Assignment: The transfer of an entire leasehold interest from a tenant to a third party. Essentially, sublet and sublease are two different words for the same concept. What duties do I have when I sublease to a tenant? When you sublease to a subtenant, you take on the duties of a landlord. When the tenant of a particular piece of property wishes to give his or her rights under the lease to another party, the situation warrants a sublease.

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Sublease Meaning With Example