IF I NEED TO MOVE CAN I SUBLET THE PROPERTY?
- No. However, we can usually work with you. What you need to understand and
remember is that there is a legally binding agreement and the owner is basically
saying, "I'm not going to force you to leave, and in return, you promise
to stay". So, what you can do is find a replacement. Similar to a sublet
in that the property remains occupied but totally different in that you are
released from your obligations and a new tenant signs a completely new Lease
Agreement. This is actually better for you. It also is better for the owner
because the new tenant normally signs a lease equal in term to the one you are
exiting which in essence then extends his current cash flow expectations.
Here is the excerpt from the Lease Agreement as it pertains
to subletting:
SUBLET
LESSEE shall not assign, sublet or transfer his interest, nor any part thereof,
without prior written consent of the LESSOR, nor shall LESSEE use the premises
for any commercial enterprise or for any purpose which is unlawful against State,
Federal, City or County ordinances, nor shall LESSEE commit waste, excessive
noise or create a nuisance in, on or about the premises or other unreasonable
disturbances to others.
**This clause is subject to change without notice.
Be sure and read your lease agreement and understand it in its entirety.
PLEASE CLOSE THIS WINDOW BEFORE PROCEEDING