Five Tips for Subleasing Your Office Space

After downsizing during the recession, many small businesses now have more office space than they need. By subleasing unused space, you may be able to generate extra cash while putting the space to good use. A commercial sublease is typically a written agreement between the original leaseholder and the company that wants to sublease part of the space. It's important to note that when you sublease office space to another tenant, you are still obligated to the terms of the original leasing contract you signed with your landlord. If you have unused office space, you might be able to benefit from a sublease arrangement. Just be sure to do your homework first -- there's a lot more to subleasing than collecting a rent check. Here are five things to consider before you get started. -- Don Sadler