What is meant by the concept of “sub-letting”?

Study for the IRPM Affiliate Exam. Dive into questions with full explanations. Test your knowledge and prepare to excel!

The concept of “sub-letting” refers to the situation where a tenant rents out their leased property to another individual. This typically means that the tenant, who has a lease agreement with the landlord, allows a third party to occupy the space, either in full or in part. The original tenant retains the primary obligation to the landlord under the lease, which means they are still responsible for rent and maintaining the property, even though another person is temporarily living or operating within it.

This practice often arises to help tenants manage costs, especially if they need to leave the property for a period but want to maintain their lease agreement. It is essential for tenants to check their lease agreements, as many landlords have specific clauses regarding sub-letting that may require prior approval. Understanding sub-letting is crucial for both tenants and landlords to ensure that leases are honored and that legal obligations are maintained.

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