What Is a Sublease? A sublease is the renting of property by a tenant to a third party for a portion of the tenant’s existing lease contract. Even if a tenant subleases a property, the original tenant is still liable for the obligations stated in the lease agreement. This even includes the […]
Legal Terms
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What Is Promissory Estoppel? Promissory estoppel is a legal doctrine. It states a promise is enforceable by law, even if made without formal consideration. It can be invoked when a promisor has made a promise to a promisee who then relies on that promise to his subsequent detriment. Promissory estoppel […]