When signing a lease, it's essential to review the terms and conditions regarding subleasing or assignment. Most leases have specific provisions that outline how these arrangements can be handled. Here are some key questions to ask:
Can I sublease the property? If so, what is the process for doing so?
How much notice must I provide before assigning the lease?
Is there a fee associated with assignment or subleasing?
Who is responsible for the remaining terms of the lease after it is assigned?
Will the new tenant be liable for any damages or rent payments made during the original term?
Can I make changes to the lease agreement, and if so, what are the requirements?
What happens if the original tenant fails to pay rent while subleasing or assigning the property?