Question

1. what is the purpose of subletting an apartment?

a) to increase the rent
b) to lower maintenance costs
c) to convert the units to condominiums
d) to obtain another tenant to complete a lease period

Explanation:

Subletting an apartment means a tenant (the sublessor) rents out the apartment to another person (the sublessee) for a period within the sublessor's lease term. The main purpose is often to have someone else (the sublessee) take over the rental and fulfill the remaining lease period, so the original tenant can be relieved of the rental obligation for that period without breaking the lease. Option A is incorrect as subletting isn't mainly to increase rent. Option B is wrong as subletting doesn't lower maintenance costs. Option C is incorrect as subletting isn't about converting to condominiums.

Answer:

D) to obtain another tenant to complete a lease period