So you Say You're Subleasing

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These days, subleasing is a common way for downsizing businesses to deal with excess space. A sublease relationship involves potential risks for both parties, however. The subleasing tenant (sublandlord) may be put in default by their subtenant's activities. Conversely subtenants run the risk of losing their space because of the sublandlord's default. Understanding and mitigating these risks is key.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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