The Real Estate Encyclopedia
What Is A Sublease?
Category - Home Ownership Questions - Lease & Renting FAQ's

A sublease occurs when a tenant transfers less than all the leasehold interests by subleasing to a new tenant.  In this arrangement, there are two landlord-tenant relationships.  The original agreement between the lessor (landlord) and the lessee (original tenant) remains.  A new landlord-tenant relationship is created between the lessee and the sublessee. 

Home Ownership Questions - Lease & Renting FAQ's
Real Estate Information Sources - General Real Estate Information
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .