Subleases refer to the act of leasing property by a tenant (the sublessor) to a third party (the sublessee) for a specified period of time. This process allows a tenant to transfer their rental obligations and rights, typically occurring when the original tenant cannot occupy the space. Subleasing is often subject to the terms of the original lease agreement, requiring permission from the landlord. It provides flexibility for tenants while ensuring landlords are still compensated.
Subleases meaning with examples
- When James decided to take a job in another city, he chose to sublease his apartment to ensure he wouldn’t lose his deposit. He carefully screened potential sublessees, wanting to find someone responsible who would take care of his space.
- Maria encountered issues with her lease when she wanted to sublease her studio for the summer. After consulting her original lease contract, she discovered she needed written approval from her landlord before proceeding with any subleasing arrangements.
- The university's housing office provided resources for students looking to sublease their dormitories during the summer break. They offered guidelines and a list of potential sublessees to facilitate a smooth transition for all parties involved.
- After the unexpected job offer in a different city, Alex managed to sublease his apartment to a colleague. He drew up a detailed sublease agreement, outlining responsibilities to protect both his interests and those of the sublessee.
Subleases Synonyms
assign assignation business lease commercial lease housing lease land lease lease leaseback let occupation property lease real estate rental realty lease rent rental agreement residential lease secondary lease sublet tenancy transferSubleases Antonyms
abandon cancel cease discharge dismiss dispossess empty evict forfeit free liberate refuse release relinquish rescind revoke terminate unoccupy vacate withdrawSubleases Crossword Answers
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