Subtenancy: meaning, definitions and examples

๐Ÿ˜๏ธ
Add to dictionary

subtenancy

 

[sสŒbหˆtษ›nษ™nsi ]

Definition

Context #1 | Noun

real estate

Subtenancy refers to a legal arrangement where a tenant leases a property to another person. This can occur when a tenant, or sublessor, rents out their leased premises to a subtenant. Essentially, the original tenant remains liable to the landlord while the subtenant occupies the property.

Synonyms

leaseback, sublease, underlease.

Examples of usage

  • She entered into a subtenancy agreement with her friend.
  • The landlord approved the subtenancy under certain conditions.
  • They faced issues regarding their subtenancy during the summer.
  • He found a subtenant to help cover his rent while traveling.

Interesting Facts

Legal Aspects

  • Subtenancy is often regulated by the original lease agreement, requiring the landlord's approval.
  • In some places, landlords may not allow subleasing at all, to ensure they know who is living in the property.
  • If a subtenant causes damage or fails to pay rent, the original tenant may still be held responsible.

Real Estate

  • Subtenancy is common in urban areas where space is limited and rental prices are high.
  • It can be a strategic solution for original tenants to help cover their rent expenses when they're away.
  • Real estate markets often have specific trends regarding subleases, particularly during economic downturns or high-demand seasons.

Cultural Perspectives

  • In some cultures, subtenancy reflects communal living values, where resources are shared among individuals.
  • Student housing often involves subtenancies, allowing flexibility for those who are only in town for a short period, like a semester.
  • Shared housing arrangements have gained popularity as a sustainable living practice, where subtenancy plays an important role.

Historical Context

  • The concept of subtenancy dates back to medieval times when peasants rented land from feudal lords, sometimes sub-letting plots.
  • As urban populations grew, subtenancy became a solution for housing shortages in rapidly developing cities during the Industrial Revolution.
  • With the development of tenant rights movements in the 20th century, subtenancy became more formally recognized and regulated.

Challenges

  • Disputes can arise in subtenancy when the primary tenant and subtenant have different expectations regarding use of the property.
  • Legal issues may occur if subtenants are unaware of their rights or responsibilities under the original lease.
  • Finding suitable subtenants can be a challenge; original tenants need to trust their subtenants, as it impacts their own standing with landlords.

Translations

Translations of the word "subtenancy" in other languages:

๐Ÿ‡ต๐Ÿ‡น subarrendamento

๐Ÿ‡ฎ๐Ÿ‡ณ เค‰เคชเค•เคฟเคฐเคพเคฏเฅ‡เคฆเคพเคฐเฅ€

๐Ÿ‡ฉ๐Ÿ‡ช Untervermietung

๐Ÿ‡ฎ๐Ÿ‡ฉ subsewa

๐Ÿ‡บ๐Ÿ‡ฆ ััƒะฑะพั€ะตะฝะดะฐ

๐Ÿ‡ต๐Ÿ‡ฑ podnajem

๐Ÿ‡ฏ๐Ÿ‡ต ใ‚ตใƒ–ใƒชใƒผใ‚น

๐Ÿ‡ซ๐Ÿ‡ท sous-location

๐Ÿ‡ช๐Ÿ‡ธ subarriendo

๐Ÿ‡น๐Ÿ‡ท alt kiralama

๐Ÿ‡ฐ๐Ÿ‡ท ์„œ๋ธŒ ์ž„๋Œ€

๐Ÿ‡ธ๐Ÿ‡ฆ ุชุฃุฌูŠุฑ ูุฑุนูŠ

๐Ÿ‡จ๐Ÿ‡ฟ podnรกjem

๐Ÿ‡ธ๐Ÿ‡ฐ podnรกjom

๐Ÿ‡จ๐Ÿ‡ณ ่ฝฌ็งŸ

๐Ÿ‡ธ๐Ÿ‡ฎ podnajem

๐Ÿ‡ฎ๐Ÿ‡ธ undirleigu

๐Ÿ‡ฐ๐Ÿ‡ฟ ะถะฐะปา“ะฐ ะฑะตั€ัƒ

๐Ÿ‡ฌ๐Ÿ‡ช แƒกแƒฃแƒ‘แƒแƒ แƒ”แƒœแƒ“แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ sublokasiya

๐Ÿ‡ฒ๐Ÿ‡ฝ subarrendamiento

Word Frequency Rank

At position #42,378, this word is among the less frequently used terms in English. While interesting to know, it's not crucial for most English learners unless needed for specific purposes.