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Home › Resource Centers › Resources for Renters › Glossary of NYC Real-Estate Terms You Might See On Your Rental Lease
Fairly common in New York City is the subleased rental apartment, or sublet. In New York City a sublet apartment rental means that the original holder of the lease from the landlord offers the apartment--or, subleases the apartment--to a third party. The original lease holder is still responsible for monthly rental payments to the landlord. Sublet rental apartments in New York City are sometimes offered for a shorter duration--for six months, for example, or for the summer--than the standard one- or two-year rentals.