Lease - a legal agreement between a landlord and tenant outlining the terms of the rental arrangement. Eviction - the legal removal of a tenant from a rental property. Subletting - when a tenant rents out all or part of the property they are renting to another person....
In California,a tenant's lease controls her ability to sublet— she cannot rent to another person if her lease prohibits it. However, if the lease only prohibits assignment, subletting is legal. ... Even if a lease prohibits subletting, that tenant may sublet, depending on her location and ...
A tenant is evicted after violating the terms of their lease by subletting the apartment to someone else without permission from the landlord. A family is evicted from their home after the owner successfully claims superior title to the property. A tenant is evicted after causing extensive damage ...
The landlord is often aware that their tenant is subletting a rental agreement in commercial real estate. If that’s not the case, the law considers this an illegal sublet. The subtenant will need to abide by the same rules as the subtenant. Furthermore, the landlord will often decide how ...
There are alternatives to sublet leases. Two of these are assignment and novation. Assignment entails sublessee taking over the rest of the lease and negotiating with the landlord himself instead of going through the tenant. In this instance, the original lessee is still responsible for any damage...
What does a 5 year lease with a 5 year option mean? “Option” usually refers to an option to renew the lease for another period of time, but it can also refer to an option to purchase the property, itself. A typical commercial lease is a “5 and 5”, meaning a 5 year lease, ...
The New ‘Mansion Tax’: What Does It Mean for NYC Homeowners? The Other Alternative Would've Been a Pied-a-Terre Tax (iStock.com) Taxes from the sales of multimillion-dollar homes are going up, thanks to the folks up in Albany....
And that may mean breaking your apartment lease – but then what happens? Without a legal basis for doing so, breaking a lease can be difficult. Not only are you attempting to break a binding contract, but many landlords don’t like the prospect of giving up rent they were supposed to ...
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Just because the tenant is in jaildoes notmean that it is an automatic ground for an eviction and the leasedoes not automatically terminate. Despite the tenant’s current situation, the lease agreement shall remain valid. The landlord and tenant may have a few options regarding the future of ...