{"id":923,"count":1,"description":"\r\nJump to:\r\nWhat is subleasing?<\/a>\r\nWhat are the benefits of subleasing?<\/a>\r\nWhat is a license to sublease?<\/a>\r\n\r\n\r\nWhat is subleasing?\r\n\r\nLeasing (or letting) means renting out a space by a landlord to a tenant. Therefore, subleasing means renting out a space by that tenant to another tenant.\r\n\r\n\r\nWhat are the benefits of subleasing?\r\n\r\nCommercial leases are, generally, a long-term contract, which span several years. Therefore, the tenant will tend to look for a space that addresses needs at the time of lease, as well as some anticipated needs. If these anticipated needs do not correspond to the space, in time, there are two scenarios that lead to a sublease situation (usually).\r\nTenant expansion - a business may outgrow its space during the term of the original lease and, if the original lease did not include an expansion option, the tenant may choose to relocate the whole operation to a bigger space, before the lease expires. In this case, the tenant may choose to pass on the space to a different tenant, for the remaining time of the lease.\r\nTenant downsizing - alternatively, the business may need to downsize before the original lease expires, in which case it would not be profitable to keep paying for more space than is needed. In such situations, the tenant may seek another tenant with which to share the space, meaning subleasing a portion of the original leased area.\r\n\r\n\r\nWhat is a license to sublease?\r\n\r\nIn either situation, the tenant is required to obtain the approval of the landlord, which is done by a \u201cLicense to sublease\/sublet.\u201d This contract is signed by the landlord, the original tenant and the in-coming sub-tenant.\r\nIn this arrangement, the new tenant is liable to the original tenant, who remains liable to the landlord, as per original lease agreement (whether the original tenant vacates the space or shares the lease are with the new tenant).\r\n\r\nIn the event that the new tenant requires alterations to the space, a \u201cLicense to alter\u201d of \u201cLicense to change\u201d may also be required.\r\n\r\nBefore deciding to sublease, it is preferable to consider the differences between a sublet and an assignment and consider if an assignment may be the better option for all parties involved (see \u201cAssignment\u201d).\r\n\r\n\r\nYou might also be interested in:\r\n\r\n \tWhat is planned removed inventory?<\/a>\r\n \tWhat is power of attorney?<\/a>\r\n \tWhat is progression\/regression?<\/a>\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n\r\n\r\nFiduciary <\/a>\r\n\r\n\r\nInflation <\/a>\r\n\r\n\r\nContingency <\/a>\r\n\r\n\r\nEscrow<\/a>\r\n\r\n\r\nPower of attorney <\/a>\r\n\r\n\r\nReal Estate Agent <\/a>\r\n\r\n\r\nEminent Domain <\/a>\r\n\r\n\r\nLiability <\/a>\r\n\r\n\r\nStatute of Limitations<\/a>\r\n\r\n\r\nValid <\/a>\r\n\r\n\r\nVariance<\/a>\r\n\r\n\r\nContiguous <\/a>\r\n\r\n\r\nDeficit<\/a>\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/","name":"Subleasing","slug":"cre-term-subleasing","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is Subletting? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"Letting is the leasing of a space by a landlord to a tenant. Therefore, subletting is the leasing of a space by that tenant to another tenant.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subleasing Archives\" \/>\n<meta property=\"og:description\" content=\"Letting is the leasing of a space by a landlord to a tenant. Therefore, subletting is the leasing of a space by that tenant to another tenant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/\",\"name\":\"What is Subletting? - Commercial Real Estate Dictionary\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"description\":\"Letting is the leasing of a space by a landlord to a tenant. Therefore, subletting is the leasing of a space by that tenant to another tenant.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/#breadcrumb\"},\"inLanguage\":\"en-US\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Subleasing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is Subletting? - Commercial Real Estate Dictionary","description":"Letting is the leasing of a space by a landlord to a tenant. Therefore, subletting is the leasing of a space by that tenant to another tenant.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/","og_locale":"en_US","og_type":"article","og_title":"Subleasing Archives","og_description":"Letting is the leasing of a space by a landlord to a tenant. Therefore, subletting is the leasing of a space by that tenant to another tenant.","og_url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/","og_site_name":"CommercialCafe","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"CollectionPage","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/","url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/","name":"What is Subletting? - Commercial Real Estate Dictionary","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"description":"Letting is the leasing of a space by a landlord to a tenant. Therefore, subletting is the leasing of a space by that tenant to another tenant.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/#breadcrumb"},"inLanguage":"en-US"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-subleasing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Subleasing"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags\/923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts?tags=923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}