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What Is a Sublease? 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. The sublease agreement may also be called a sublet.
A consent to sublease is a document that the landlord and tenant must sign for a tenant to take on a new lease with someone else. This document has specific language outlining who can live at the property, how much rent will be paid, and other details about what types of dwelling units are allowed.
Subletting happens when an existing tenant lets all or part of their home to someone else. That person is known as a subtenant, and they have a tenancy for all or part of the property which is let to them. They also have exclusive use of the accommodation that is let to them.
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. The sublease agreement may also be called a sublet.
A sublease agreement is a legal document that allows a tenant to re-rent their property to someone else (subtenant). This is known as ?subletting? and requires the landlord's permission unless allowed in the original lease. Generally, the terms of a sublease cannot extend beyond the end date of the original lease.