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Sublease Contract

oboloo Glossary

Sublease Contract

A sublease contract is a legal agreement between a tenant (the “sublessor”) and another party (the “sublessee”) that allows the sublessee to rent all or part of the tenant’s rental property. The sublease contract will include details such as the length of the lease, how much rent is due, how security deposits are paid, who is responsible for maintenance, and other important information. It’s important to note that any changes to the sublease contract must be approved by the original landlord. Subleasing can be a great option for tenants looking to temporarily reduce their living expenses or relocate without breaking their lease, but it involves some risk – so it’s best to read up on the rules and regulations before signing anything.

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