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Establish the rights and responsibilities of the tenant and the third party.
Learn best practices regarding subleasing property.
Learn how to understand the terms of your sublease.
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Whether it's because of a new job, a company going out of business, or a life change, from time to time, tenants may want to leave a rental property before the end of their lease. Regardless of the reason, tenants can transfer their lease interests to new parties by writing a sublease. A sublease is the transfer of one party's lease rights and obligations to a third party. From that point on, the new tenant is responsible for the original tenant's lease obligations, including rent and property maintenance. However, the original tenant will still be liable for most, if not all, of its duties. Successful property management begins with good documentation and a properly drafted and executed sublease agreement. A LegalZoom Sublease of Residential Lease (With Landlord Consent) Guide will ensure that you whether you're the tenant or third party understand the obligations and responsibilities being transferred. In every way, this lays the foundation for a strong and long-lasting landlord/new tenant relationship.
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