What is the right to sublet clause?

LESSEE may sublet all or a portion of the leased property for the remainder of the term with the approval of the OWNER, which approval OWNER shall not unreasonably withhold, provided that the business or occupation of the sublessee is not extra-hazardous or illegal.

What is the sub lease clause in a lease agreement?

The basic framework: A sublease clause permits the tenant, with certain stipulations, to rent out either a portion or the entirety of their leased space to a third party, referred to as a subtenant.

What is a tenant subtenant?

Legal Definition subtenant. noun. sub·ten·ant ˌsəb-ˈte-nənt. : one who rents property from a tenant of the property.

What is the agreement between tenant and subtenant?

A Residential Sublet Agreement is a contract a tenant uses to allow someone else to occupy their rental space for a portion or the remainder of the original lease. You can sublet a portion of a rental property or the entire space. A Residential Sublet Agreement is also known as a: Sublease agreement.

Is there rental agreement template in Word?

Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.

How to write a sublease agreement contract?

How to Write One Identify all parties to the contract. Define the lease term. Identify the terms and rent amount. Address any other financial responsibilities. Discuss the terms of the security deposit. List any other restrictions. Date and sign the agreement. Attach a copy of the original lease.

How does a sublease agreement work?

The California sublease agreement is a legal document that binds the current tenant of a rental property (the "sublessor") to a new tenant (the "sublessee") and permits the new tenant to take over all (or part) of the property. The landlord must give the initial renter approval before subletting the property.

What are the rules for subletting in NY?

(a) A tenant renting a residence pursuant to an existing lease in a dwelling having four or more residential units shall have the right to sublease his premises subject to the written consent of the landlord in advance of the subletting. Such consent shall not be unreasonably withheld.

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