How Do You Spell SUBLEASE?

1. Sublease is a legal term referring to an arrangement where a tenant rents out a property or a portion of it to another party, known as the subtenant, while still maintaining the original lease agreement with the landlord. In this scenario, the original tenant becomes a sublessor or sublandlord, as they act as a landlord to the subtenant. This agreement is commonly used when a tenant cannot occupy the property for the full duration of the lease and wishes to temporarily transfer their tenancy rights to another individual.

   A sublease involves the creation of a new contractual relationship between the sublessor and the subtenant, while the original lease agreement between the landlord and the tenant remains intact. The terms of the sublease agreement are typically established between the parties, including the duration, rent amount, and any other conditions that differ from the original lease.

   As a legal contract, a sublease typically requires the consent of the landlord, as stated in the original lease agreement. Therefore, it is crucial for the sublessor to obtain written permission from the landlord before proceeding with the sublease. This consent may include conditions or restrictions based on the landlord's preferences or local laws.

   Overall, a sublease enables tenants to utilize their leased property in a flexible manner and share its occupancy or some financial responsibilities with a subtenant, while still maintaining their role as the primary tenant under the original lease agreement.

Top Common Misspellings for SUBLEASE *

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Other Common Misspellings for SUBLEASE

The word "sublease" originates from late Middle English, combining the prefix "sub-" meaning "under" or "below" and the noun "lease", which refers to a contract granting the use or occupation of property for a specified time, in return for rent. The term "sublease" originally referred to a lease granted by a tenant or lessee to another person, creating a secondary tenancy within the main lease. The prefix "sub-" implies a transfer of rights or a subordinate relationship in this context. Over time, "sublease" has become the widely used term for the act of leasing a property from a tenant who is already leasing it themselves.

Similar spelling word for SUBLEASE

Plural form of SUBLEASE is SUBLEASES

Conjugate verb Sublease

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