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Highlight Text Commercial Sublease Contract

Highlight Text Commercial Sublease Contract

Aug 6th, 2022

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How to Highlight Text Commercial Sublease Contract

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In a sublease, a tenant transfers less than their entire leasehold estate to a third party, known as the subtenant, for a term shorter than their original lease. This typically occurs when a tenant wishes to vacate the premises before their rental agreement ends, allowing them to rent the space to someone else with the landlord's consent while continuing to pay rent to the landlord. The subtenant does not have a direct contractual relationship with the landlord and must rely on the original tenant to enforce the landlord's obligations. The primary tenant retains responsibility for any damage, non-payment of rent, or other liabilities concerning the subtenant. A sublease is appropriate when a tenant needs to vacate early but wants to avoid losing their lease.

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