Asked by
Kiara Pierre
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. A sublease must terminate at a point in time on or before the point in time that the lease between Larry and Netta expires.
Sublease
An agreement where the original tenant leases out a portion or all of their rented property to another tenant.
Terminate
To bring to an end or conclude something, such as a legal contract, employment, or an ongoing process.
- Understand the responsibilities and obligations of parties involved in sublease agreements.
Verified Answer
SG
Learning Objectives
- Understand the responsibilities and obligations of parties involved in sublease agreements.