A sublease agreement is a legal contract that allows a tenant (the “sublessor”) to rent out all or part of their leased property to another person (the “sublessee”) for a specified period of time. This arrangement is typically made with the consent of the original landlord and under the terms of the original lease.
Key Elements of a Sublease Agreement:
Parties Involved:
Landlord
Sublessor
Sublessee
Property Detail:
Term of Sublease
Rent and Payment Terms
Responsibilities and Obligations
Utilities and Services
Landlord’s Consent
Default and Remedies
Dispute Resolution
Governing Law
Example Scenario:
A college student who is actually subletting an apartment signs a one-year lease but then has to leave for the summer break. So he decides to sublet it to another student for a period of three months during summer. The original landlord has permitted the sublease. Consequently, the sublessor receives six hundred dollars monthly from the sublessee covering the bills and other charges as well. No pets is permitted in the apartment and though no smoking will be allowed either as stated in the initial contract.
The delineation of obligations and expectations among parties is facilitated when a sublease agreement is in place; hence making sure that the terms are well understood, hence lowering chances for confrontations.
Here are previews and download links for these free agreement templates that I have prepared using MS Word.
