[Enilda]

If market rent has increased, you can sublease to the sublease tenant at a higher rate and have a sandwich lease, which gives you a little profit for being in the middle of it all.

If the co-tenant identifies when he would like to take over the space, you could sublease the space for a shorter term to allow your co-tenant to take over the entire space.

Currently the space is of no use to you, because you have moved your business. However, is your lease there in your personal name or in your business’ name?

But I don’t see how it’s costing you hundreds of dollars to remain on the lease, when you have a sublease. To me it looks like a wash.

[Bill]

Does your lease allow subleasing? That’s not the same as replacing you on the lease.

That is, you continuing to be legally responsible for the lease but letting someone else use the space and pay you.

If not, you are kinda screwed . You aren’t getting out of the lease unless all parties agree.

You can always offer to pay the coleaser for his cooperation, but you don’t have a lot of leverage to make him do anything.

[Brian]

If you are able to sub-lease, cash in hand wins. Tell that to the other owner. Why hold on to it for a whim?

[Author]

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