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People also ask
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What is the difference between lease and underlease?
A head lease is the original lease between the landlord and tenant, while an underlease is a lease granted by the tenant to a subtenant for part or all of the premises. The head leaseholder remains responsible to the landlord, while the under leaseholder is responsible to the tenant.
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What is the meaning of sub lease?
A sublease is a lease between the original lessee of a property to another third party. A sublease arrangement makes the original property tenant now a landlord of sorts. In such arrangements, the lessee is still responsible to the landlord for all the rent and lease payments.
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Is sub leasing a good idea?
It's perfect if you have a short-term job assignment or need to travel for personal reasons. Plus, you can return to your original apartment without the hassle of finding a new place or paying hefty lease termination fees. Subleasing is an ideal solution for handling temporary changes in your living situation.
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What is the difference between lease and sub-lease?
Introduction. A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant. Lease contracts are contracts between a tenant and the owner of the property.
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What is lease and sub lease?
A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant. Lease contracts are contracts between a tenant and the owner of the property.
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What is the purpose of a sublease?
A sublease is required when the original tenant wants to lease a sizable piece of the property. When the original tenant wishes to lease the entire property to a different party, a sublease is also necessary.
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