What Is a Sublease Contract?

[Concept Discussion]

Sublease contract

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[Concept Discussion]

Sublease contract means that during the effective period of the contract, Party A (lessor) and Party B (hire party) also maintain a contract relationship. However, Party B cannot or does not want to continue to use Party A's things because its contract has not expired, or other objective reasons. In this case, Party B will proceed with the original contract signed with Party A and then with Party C based on the original contract signed between Party B and Party A Continuation of the contract, this situation is a sublease contract.

Sublease contracts are used more frequently in the society. This is because the original contract between Party A and Party B is still in effect, and Party B cannot continue to rent Party A's things. This method can ensure that Party A and Party B Both parties are protected from economic loss or reputation loss caused by the breach of contract. The sublease contract includes various situations in the society, such as land subletting, house subletting, counter subletting, equipment subletting, and vessel subletting.

The relevant clauses of the sublease contract must not be in violation of the original lease contract, and the sublease period must be within the original lease contract period.