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OK Ive got a question. Ive decided that a lease option seems to be a really good way to promote monthly cash flow. Of course this all goes to say of course that the terms have been negotiated in your favor. My question. Say you do find such a deal and decide to sublet, how are the new renters affected, what are the legal relationship between me and said renters. If Im only leasing and therefore do not own the property yet, what are my liabilities.

An experienced lease option seller won't let you do that. I would never let you do that.

WRT what is your status, I would say that it varies from state to state according to the law. As lessee who is subletting, probably most of the responsibility devolves on the property owner. However, said property owner might sue you into bankruptcy if you did something that caused him harm.
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