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The basic framework: A sublease clause permits the tenant, with certain stipulations, to rent out either a portion or the entirety of their leased space to a third party, referred to as a subtenant.
What is the addendum to a sublease agreement?
A sublease amendment modifies the terms of an ongoing sublease agreement. It is drafted by a tenant and subtenant to adjust the rent, termination date, or any other sublease term. Once signed, the new amended terms will apply without affecting the rest of the original lease.
What is an amendment to a sublease agreement?
If a tenant wishes to sublet the property to another individual, a lease amendment can specify the terms and conditions of subletting, including identifying the subtenant and their responsibilities, as well as the responsibilities of the original tenant as they relate to the subtenant.
What is the difference between a sublet and a sublease?
While the terms subletting and subleasing are often used interchangeably, there is a critical difference between the two. In a sublet, the new tenant has a contract directly with the landlord while in a sublease, the new tenant has a contract with the original tenant and no contract with the landlord.
What are the rules for subletting in Massachusetts?
If your lease does not mention or prohibit subletting, you are free to do so. Most leases require that a landlord give written consent before you can sublet. If this is the case, contact the landlord and try to get their written consent before subletting.
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ing to ContractCounsel, An addendum to a lease is a separate legal document added by the landlord to the original lease agreement between the landlord and tenant. Lease addendums are used to provide additional information that the original lease does not cover.
Related links
EL POLLO LOCO HOLDINGS, INC.
EL POLLO LOCO HOLDINGS, INC. FORM 10-K. (Annual Report). Filed 03/11/16 for the Period Ending 12/30/15. Address 3535 HARBOR BOULEVARD. SUITE 100.
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