👉 In legal and business contexts, a subtenant is a tenant who rents out or occupies a portion of an existing property. This allows them to retain control over the space they are renting out while also providing some level of protection for their investment. The subtenant typically pays rent to the landlord and has access to all of the amenities provided by the landlord. For example, if you own a property that is being rented out as a vacation rental, you might be considered a subtenant. If you're
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What is the definition of Subtenant? 🙋
👉 A subtenant is a tenant who rents or leases space from another party, such as a landlord, for a specific period. These tenants typically pay rent to the landlord and then share in any profits generated from their use of the property. Subtenants are often responsible for paying taxes on their income. In many jurisdictions, landlords must provide certain services (such as maintenance) to subtenants, which can be an additional expense that subtenants may need to factor into their budgeting or financial
