SUBTENANTS Meaning and
Definition
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Subtenants are individuals or businesses who occupy a portion of a property or premises that is already being rented by a tenant or lessee. In this arrangement, the original tenant, known as the head tenant, becomes the sublandlord or sublessor, while the subtenant becomes the sublessee. The head tenant effectively becomes the landlord or lessor to the subtenant.
Subtenants typically enter into agreements, known as subtenancy agreements or subleases, with the head tenant to legally occupy and use a specific part of the property. These agreements outline the terms and conditions of the arrangement, including the duration of the sublet, the rent to be paid, and any other rights and obligations of the subtenant.
Subtenants may be individuals, businesses, or organizations that require space for various purposes, such as offices, retail stores, or residential units. The subtenancy can be for a short-term or long-term duration, depending on the agreement between the head tenant and the subtenant.
It is important to note that subtenants do not have a direct relationship with the property owner or landlord. Instead, their rights and responsibilities are derived from the sublease agreement with the head tenant. This means that if any issues or disputes arise, subtenants would typically deal directly with the head tenant and not the property owner.
Common Misspellings for SUBTENANTS
Etymology of SUBTENANTS
The word subtenants is derived from a combination of two elements:
1. Sub-, a prefix of Latin origin meaning under or below.
2. Tenant, which comes from the Old French word tenaunt, derived from the Latin word tenens (present participle of tenere), meaning to hold.
So, subtenants essentially means those who hold or occupy something below or under someone else.
