A sublease is a legal contract by which a third party (a sublessee/ subtenant) acquires right to possess real property for a period of the already-existing lease between the original landlord and a tenant. Original tenants usually remain individually and collectively liable for the rent payments to the original landlord, along with the sublessee. Subleases are a great option if the original tenant decides to move to a different location but does not want to keep paying rent on the existing lease.
We represent parties in negotiating subleases that consider the parties' economic interests and make sure that they understand their rights and obligations.
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