Why Subleasing Complicates Your Liability
Leasing part of your space can be a great way to make a little extra money for space you are not using. It helps pay the rent, complimentary businesses could lead to referrals, and it could lead to great personal or professional relationships. However, you could be putting you and your business at risk.
Your Business Income Doesn't Include Rental Income
You Could be in Violation of your Lease
4. Make sure that your lease doesn't have a clause that prohibits sub-leasing. In most cases it is best to talk with your landlord before making any subleasing decisions. Violating your lease could put you in jeopardy of eviction or hefty penalties.
Talk to your landlord, commercial real estate broker, and your insurance agent before making any subleasing arrangements.
This blog article is not a substitute for professional legal advice. This answer does not create an insurance agent-client relationship, nor is it a solicitation to offer legal/insurance advice. If you ignore this warning and convey confidential information in a private message or comment, there is no duty to keep that information confidential or forego representation adverse to your interests. Seek the advice of a licensed insurance agent in the appropriate jurisdiction before taking any action that may affect your rights.