SUBLEASE

Unless stated to the contrary in the lease agreement a lessee can sublet the premises to a sublessee. The agreement often contains a covenant which allows a sublease only with the consent of the landlord. The legal requirements for a sublease are the same as for a lease. The term of the sublease cannot exceed the residue term of the lease. If the sublease is legal, the sublessee obtains an effective interest in the property, otherwise the sublessee occupies subject to forfeiture.