SUBLEASE Meaning and
Definition
-
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 *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for SUBLEASE
Etymology of 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
Conjugate verb Sublease
CONDITIONAL
I
would sublease
you
would sublease
he/she/it
would sublease
we
would sublease
they
would sublease
CONDITIONAL CONTINUOUS
I
would be subleasing
you
would be subleasing
he/she/it
would be subleasing
we
would be subleasing
they
would be subleasing
CONDITIONAL PERFECT
I
would have sublease
you
would have sublease
he/she/it
would have sublease
we
would have sublease
they
would have sublease
CONDITIONAL PERFECT CONTINUOUS
I
would have been subleasing
you
would have been subleasing
he/she/it
would have been subleasing
we
would have been subleasing
they
would have been subleasing
FUTURE
I
will sublease
you
will sublease
he/she/it
will sublease
we
will sublease
they
will sublease
FUTURE CONTINUOUS
I
will be subleasing
you
will be subleasing
he/she/it
will be subleasing
we
will be subleasing
they
will be subleasing
FUTURE PERFECT
I
will have subleased
you
will have subleased
he/she/it
will have subleased
we
will have subleased
they
will have subleased
FUTURE PERFECT CONTINUOUS
I
will have been subleasing
you
will have been subleasing
he/she/it
will have been subleasing
we
will have been subleasing
they
will have been subleasing
IMPERATIVE
you
sublease
we
let´s sublease
to sublease
PAST
I
subleased
you
subleased
he/she/it
subleased
we
subleased
they
subleased
PAST CONTINUOUS
I
was subleasing
you
were subleasing
he/she/it
was subleasing
we
were subleasing
they
were subleasing
PAST PARTICIPLE
subleased
PAST PERFECT
I
had subleased
you
had subleased
he/she/it
had subleased
we
had subleased
they
had subleased
PAST PERFECT CONTINUOUS
I
had been subleasing
you
had been subleasing
he/she/it
had been subleasing
we
had been subleasing
they
had been subleasing
PRESENT
I
sublease
you
sublease
he/she/it
subleases
we
sublease
they
sublease
PRESENT CONTINUOUS
I
am subleasing
you
are subleasing
he/she/it
is subleasing
we
are subleasing
they
are subleasing
PRESENT PARTICIPLE
subleasing
PRESENT PERFECT
I
have subleased
you
have subleased
he/she/it
has subleased
we
have subleased
they
have subleased
PRESENT PERFECT CONTINUOUS
I
have been subleasing
you
have been subleasing
he/she/it
has been subleasing
we
have been subleasing
they
have been subleasing
I
would have subleased
we
would have subleased
you
would have subleased
he/she/it
would have subleased
they
would have subleased
Infographic
Add the infographic to your website:
