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In a sublease a lessee subleases the underlying asset to a third-party sublessee; the entity is then referred to as the intermediate lessor (or sublessor). In a sublease transaction, the lease between the original lessee and lessor (referred to as the head lease) remains in effect.
In a sublease, the subtenant is responsible for paying rent to the original tenant, who in turn remains responsible for paying rent to the landlord. If the subtenant fails to pay, the original tenant must still fulfill their rent obligations to the landlord.
A sublease is a new contract between the lessee and the sublessee. The original lessee turns into a sublessor in this new contract. There is no privity of contract under the sublease between the owner of the property and the sublessee. The original lessee still has the responsibility to fulfill the lease obligations.
Subletting a Co-op In California, co-op boards are allowed to set their own rules and penalties when it comes to subletting units. In general, it is much harder to sublet a co-op compared to a condo. Thus, it is generally better to use a co-op as a personal residence rather than for additional income.
Short-term subleases occur when the subtenant leases the entire property from the tenant for a short time within the original lease period. After a short-term sublease, the original tenant resumes their tenancy of the property. Long-term occur when the original tenant permanently moves out of the rental property.
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Make sure you know your local laws and the details of your lease. Know Your Rights and Your Current Lease. Some states have laws about subletting. Decide Between Subletting and Ending the Lease. Tell Your Landlord Your Plan. Find a Subtenant. Negotiate the Price and Terms. Draft a Sublet Agreement.
How to Write One Identify all parties to the contract. Define the lease term. Identify the terms and rent amount. Address any other financial responsibilities. Discuss the terms of the security deposit. List any other restrictions. Date and sign the agreement. Attach a copy of the original lease.
The reason Landlords will not allow their tenants to sublet is because, by subletting you are altering the terms of the insurance policy the insurer accepted when they offered the landlord an insurance premium for coverage.

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