FREE 9+ Sample Sublease Agreement Forms in PDF | MS Word

A Sublease is a situation wherein a landlord allows a tenant to lease a rental property to another party. Typically, a Rental Agreement is when a landlord agrees to rent out a unit to a tenant; however, if the tenant finds himself incapable of meeting the terms of the lease anymore, he may opt to look for a sublease, a third party renter of the property.

Subleases can be applied to both residential or commercial spaces and can generally be a convenient arrangement for both the landlord and the tenant because they enable the primary tenant to let go of any obligations to make rental payments but still retain his apartment, and they also give the landlord the benefit of continuously receiving rent payments minus the hassle of having to search for a replacement.

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How to Create A Sublease Agreement

Subleases can be a complex arrangement because they involve a lot of parties. They are, therefore, important to protect the rights of both the current tenant and the subtenant. A written Sublease Agreement will help outline the description of each party’s rights and responsibilities and should be willfully signed by all parties involved. Below are a few pointers on how to craft an enforceable Sublease Agreement.

Obtain Permission from Your Landlord

Before actually subleasing a rental unit to a third party tenant, you will first need to check with your landlord to make sure that you are author

A Sublease is a situation wherein a landlord allows a tenant to lease a rental property to another party. Typically, a Rental Agreement is when a landlord agrees to rent out a unit to a tenant; however, if the tenant finds himself incapable of meeting the terms of the lease anymore, he may opt to look for a sublease, a third party renter of the property.

Subleases can be applied to both residential or commercial spaces and can generally be a convenient arrangement for both the landlord and the tenant because they enable the primary tenant to let go of any obligations to make rental payments but still retain his apartment, and they also give the landlord the benefit of continuously receiving rent payments minus the hassle of having to search for a replacement.

sublease your dwelling. Your subtenant will still need to go through the same screening process that you went through in order to ensure your landlord that your subtenant has the capacity to pay and can properly maintain the property. Subleasing your rental unit without permission from your landlord could be grounds for legal action or eviction.

Retained Obligations

Despite the fact that you are no longer living in your rental unit as the original tenant, you are still responsible for abiding to the terms stated in your lease as well as the violations incurred by your subtenant.

Rental Payments

Before signing your sublease, you and the subtenant must first establish the portion of the rental due you should give each month. Some sublease terms charge the tenant more than the actual rent, especially if the sublet is fully furnished, while others only pay a portion of the rent while the difference is supplied by the original tenant.

Subleasing can be considered to be a win-win situation for both the landlord and the tenant. However, its complexities can also be quite a challenge. Our Agreement Forms, Lease Agreement Forms, and Sublease Agreement Forms can help you obtain the perfect contract for your landlord and subletting needs.

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Indicate the Names of the Parties Involved

Indicate the full names of all the parties involved, the original tenant, the subtenant, and the landlord, and provide the date when the contract will be deemed effective and enforceable. The original leaseholder of the property is the Tenant and the person subletting the property is the Subtenant.

Identify the Property

Provide the full address of the property and indicate if it is to be used as a residential space or a commercial space.

State the Rental Amount Due

State the amount agreed for rental and include any penalty for late payments, the name and address of the payment recipient, and the specific portion of the rent that will be paid by the subtenant or the tenant.

Security Deposit

If the subtenant is required to make a security deposit, state the amount that needs to be deposited and the terms for when and how it will be refunded or any possible reasons for the tenant to withhold the deposit.

Signatures

As soon as both the tenant and the subtenant have agreed on the terms of the sublease, both parties should affix the date and their signatures to it. Each party should be given a copy of the Agreement Form: one for the landlord, one for the tenant, and one for the subtenant.