SUB LETTING Meaning and
Definition
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Subletting refers to the act of renting or leasing a property that is already being rented by someone else. It occurs when a tenant, who is legally bound by a lease agreement with a landlord, decides to rent out all or a portion of the property to a third party, known as the subtenant or sublessee. In this arrangement, the original tenant, also referred to as the sublessor, becomes the landlord or the head tenant to the subtenant.
Subletting typically occurs when the original tenant is temporarily unable to occupy the property and wishes to rent it out to someone else for a specific period. This can be due to various reasons such as travel, study abroad, or financial constraints. The subletting agreement is generally a separate contract between the original tenant and the subtenant, usually lasting for a shorter term than the original lease agreement.
The subletting process may involve the sublessor continuing to pay rent to the landlord while simultaneously collecting rent from the subtenant. The terms and conditions of the sublet, including rent amount, duration, and responsibilities, are typically outlined in a sublease agreement.
It is important to note that subletting is subject to the terms and conditions of the original lease agreement signed between the landlord and the original tenant. In some cases, landlords may require written consent or approval before subletting can take place. Failure to obtain such consent may result in legal consequences for the sublessor.
Common Misspellings for SUB LETTING
- subletting
- sublettting
- sub letting
- aub letting
- zub letting
- xub letting
- dub letting
- eub letting
- wub letting
- syb letting
- shb letting
- sjb letting
- sib letting
- s8b letting
- s7b letting
- suv letting
- sun letting
- suh letting
- sug letting
- sub ketting
Etymology of SUB LETTING
The word "subletting" is derived from the combination of the prefix "sub" and the verb "let".
"Sub" comes from the Latin prefix "sub-" meaning "under" or "below". It is frequently used to indicate something that is beneath, secondary, or subordinate.
The term "let" traces its origins back to Old English, where it originally meant "to allow" or "to permit". Over time, it evolved to signify the act of renting or leasing out property to someone else.
Therefore, "subletting" refers to the act of renting out a property that is already being leased or rented by someone else. It describes the practice of allowing a tenant to lease the property to another person, usually temporarily, for part or all of the original lease term.
