Welcome to my channel and in today’s video, I am going to answer the question "What is a Sublease Agreement?".

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In this video, I explain what a sublease agreement is and how tenants can use it to benefit their cash flow.

Sublease occurs when the tenant transfers a part of their legal tenancy to a third party as a new tenant.

How this works is that you would enter into an agreement with a 3rd party to lease the existing space from you.

They would then make payments to you on a monthly basis that you would remit to the landlord.

Although this does help limit your cash outflow, it does not absolve you of responsibility for the lease.

If the subtenant decides not to pay their rent, you would be responsible for covering the shortfall and making payment to the landlord.

You can only execute a sublease agreement if you have a sublease clause within your lease.

Prior to subleasing the space, landlords are generally going to want to have a say in who takes over the space.

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