5 Sublet Vs Sublease Differences | Nomadic Real Estate

Sublet Vs. Sublease: What’s the Difference?The terms sublet and sublease are often used synonymously, but they have very different meanings. The gist is that a sublet occurs when you find a new renter for the property who will sign a new lease with the landlord, while a sublease occupies the space without signing a lease directly with the landlord.Your responsibilities will change depending on the agreement you have in place, so understanding these sublet vs. sublease differences is essential. You should also protect yourself legally in both situations by ensuring a professional prepares the necessary documents and all parties sign them.There are other subtle differences between sublets and subleases you’ll want to learn about before beginning the process too. This guide will take you through these terms and let you know which agreement type might work best for your business.Situations Where a Sublet or Sublease Are NecessaryYou might have heard the terms sublet and sublease thrown aro...