What is reletting?

Reletting refers to the process of leasing or renting out a property that is currently occupied by a tenant to a new tenant before the original lease term has expired. This can happen when the original tenant wants to move out before the end of their lease, and the landlord agrees to relet the property to a new tenant.

In many cases, the original tenant may be responsible for finding a suitable replacement tenant to take over the lease, and the landlord will need to approve the new tenant before finalizing the reletting agreement. The original tenant may also be required to pay any fees associated with finding a new tenant or may need to continue paying rent until a new tenant is found.

Reletting can be a good option for landlords who want to avoid vacancies and loss of rental income, as well as for tenants who need to move out before their lease is up. However, it's important for all parties involved to carefully review the terms of the reletting agreement to ensure that both the original and new tenants are protected.