Subletting


Definition of "Subletting"

Process by which a lessee leases the property to another lessee.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Leasehold Profit Interest

Difference between the rent received by a lessee for the subletting property and the rent the lessee pays the lessor. ...

Sandwich Lease

The lessee becomes a lessor by subletting the property to a third party. Typically, the sandwich leaseholder does not own or use the property. ...

Ostensible

Alleged to be real or genuine. What appears to be such as a real estate agent's seeming authority to act on behalf of a principal. However, the a ...

Berm

(1) That portion of exposed beach formed by waves depositing sand as they dissipate on the beach. The size of the berm commonly varies with the season ...

Confiscation

(1) Government seizes private property, but does not provide fair and reasonable compensation for it. (2) Property is seized and the owners rights ab ...

Density

Distribution of population over a given area of land. ...

Popular Real Estate FAQ

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clear problems with a title or as part of a divorce se ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising water. ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obligations. ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is an agent? What is Freddie Mac? What is a foreclosure? What is a quit claim deed? What does FSBO mean?