The following Property Q&A produced in partnership with Katherine Illsley of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
A sublease is a lease granted out of an original tenant’s lease, that original lease often being referred to as the headlease. The original tenant retains their lease with the landlord, but grants a sublease to a subtenant who pays rent to the tenant. The tenant will remain bound by the terms of the headlease even if a sublease is granted and the tenant is no longer in occupation, and so will still be liable to pay rent to the landlord. This provides protection to the landlord in the event that the subtenant fails to comply with the terms of the sublease.
The first step that a tenant will need to take in considering whether to grant a sublease is to check the terms of their lease. A lease may prohibit the granting of a sublease
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DateD [date]Parties1[name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (Landlord)2[name of Tenant] [of OR incorporated in England and Wales with company registration number [number] whose registered office
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