While the processes for coordinating both a subletting arrangement and a lease takeover are very similar, these two arrangements are different in terms of the legal responsibilities they represent. What is a lease takeover? Is it the same as subletting? While it can be a tedious process, finding someone to take over a lease is a promising way to get out of a lease without incurring penalties or the hassle of subletting.īelow, we’ll dig into how to orchestrate a lease takeover, including the considerations to make and the challenges you may face. In a lease takeover, a renter hands off the responsibilities that come with their lease to a new tenant.
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