What is a sublease?
In commercial real estate, a sublease is a lease (rental agreement) between a tenant who already holds a lease to a commercial space or property and someone (the sublessee) who wants to use part or all of the tenant’s space. In a sublease, the tenant assigns certain rights that they already hold to the leased property, to the sublessee.
- Sublessees pay rent directly to the rightful tenant (sublessor) to either share the space with the sublessor or take over the entire space from the sublessor.
- A sublessor cannot legally assign rights in a sublessee that the sublessor does not also have rights to in their own lease. Additionally, a sublessor cannot sublease unless they are permitted to do so in their own lease.
As your tenant representative, Dallas Office Space for Lease can handle all of your sublease needs.