Sentences with word «sublessee»

A federal court in Florida has considered whether a commercial broker was entitled to collect commissions when property owner bought out tenant and entered into a new lease with sublessee.

If you're a prospective sublessee, is the landlord at all obligated to put you in contact with the original tenant for you to potentially inform the original tenant of their rights, and, potentially, see if they're interested for a sublease instead?

7 Dec. 19, 2017)(unpublished), sublessor (tenant to a ground lease) lost an unlawful detainer action to sublessee Home Depot when a jury determined that the notice to pay / quit was not a reasonable estimate of what was owed by Home Deposit.

«This person determines who is in the individual market for space and identifies potential sublessees,» says Wolf.

However, the sublessee might only be interested in taking over a certain part of the lease (e.g., say, month 5, 6, 7 and 8 of a 12 - month lease), and would not be interested in taking over the whole lease, thus having to find another lessee for months 9 to 12.

Subletting a rental unit can be a more involved process when compared to assigning a lease since it requires the completion of a sublease agreement between the original tenant (the «sublessor») and the secondary tenant (the «sublessee»).

A change of address card or a receipt for the deposit would be the only requirement to prove, for insurance purposes, that a sublessee is living in the apartment.

«That can create potential compliance issues when the sublessee becomes the sublessor,» Duncan says.

Also, as I understand it, if one person has a sublessee and then moves out, that rent control would continue with the sublessee — who could then move out and transfer the controlled rent to a new roommate in perpetuity.

The rent paid by the sublessee must be paid directly to the current tenant and the term of the agreement may not go longer than the original one that exists between the landlord and tenant.

A sublease is a legal agreement between an existing tenant and a person (sublessee) that seeks to rent the same space (partial or the it's entirety).