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Manage Sublease Agreement

Manage Sublease Agreement

Aug 6th, 2022

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How to Manage Sublease Agreement

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In a sublease, the tenant transfers part of their leasehold estate to a third party, known as the subtenant, for a term shorter than their original lease. This typically happens when a tenant wants to vacate before their lease ends and, with the landlord's consent, rents the space to another person while continuing to pay rent to the landlord. The subtenant has no direct relationship with the landlord and must depend on the tenant to ensure the landlord meets their obligations. Any issues, such as damages or unpaid rent, are the original tenant's responsibility. A sublease agreement is useful when a tenant needs to exit their rental prematurely.

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