SUBLETS Meaning and
Definition
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Sublets is a term commonly used in the realm of real estate and leasing, referring to the act of temporarily renting out a property, which is already being rented by the primary tenant. It can also be a noun, referring to the property that is being sublet.
When a tenant sublets a property, they essentially become a landlord themselves, leasing part or all of the rented space to another individual, who is commonly referred to as the subtenant. In this arrangement, the subtenant enters into a contractual agreement with the original tenant, rather than the property owner or landlord.
Typically, a subletting arrangement occurs when the primary tenant needs to leave the property temporarily for a specific period, such as for vacation, business travel, or personal reasons. This allows them to avoid breaking their lease agreement and continue paying rent while someone else occupies the space.
The terms and conditions of a subletting arrangement are usually outlined in a separate contract called a sublease, which sets out the duration of the subtenancy, rent amount, and other obligations and rights specific to the subtenant. The primary tenant, however, remains primarily responsible for the property and the terms of the original lease with the landlord.
Common Misspellings for SUBLETS
Etymology of SUBLETS
The word "sublet" (also spelled "sub-let") is derived from the combination of the prefix "sub-" and the verb "let".
The prefix "sub-" comes from the Latin word "sub", meaning "under" or "below". In English, "sub-" is often used to indicate something that is secondary, subordinate, or beneath another thing.
The verb "let" comes from the Old English word "lettan", which means "to allow" or "to permit". Over time, it acquired the specific sense of allowing someone to use or occupy property in exchange for rent.
Therefore, "sublet" essentially means to "let under" or "to allow someone to rent a portion of property from a tenant who is already renting it from a landlord".
Similar spelling words for SUBLETS
Conjugate verb Sublets
CONDITIONAL
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FUTURE
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FUTURE PERFECT
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PRESENT
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