Asked by
Maria Morales- Martinez
on Nov 23, 2024Verified
Larry entered into a two-year lease with Netta, the landlord, to rent a small plot of land for a garden. Once the lease was made, Larry promptly sublet the land to Nayib. Nayib must pay rent to Netta under the sublease.
Sublet
The act of a tenant renting out their leased premises to another party for a period within the lease term.
Pay Rent
The act of providing a predetermined amount of money, typically monthly, to a landlord in exchange for the right to occupy a property.
- Appreciate the roles and liabilities of parties in subleasing arrangements.
Verified Answer
SK
Learning Objectives
- Appreciate the roles and liabilities of parties in subleasing arrangements.