If you`re looking to sublease your rental property or rent someone else`s space, then it`s important to have a sublease agreement in place. This agreement outlines the terms and conditions of the sublease and protects both the subtenant and the tenant from future disputes.
To help you get started, we`ve provided a sample sublease agreement with some key provisions you may want to include in your own agreement.
Sample Sublease Agreement
This Sublease Agreement („Agreement”) made on [DATE] between [TENANT NAME] („Tenant”) and [SUBTENANT NAME] („Subtenant”).
1. Property: Tenant agrees to sublease to Subtenant the property located at [PROPERTY ADDRESS] („Property”), for the term of [LEASING PERIOD]. The term of this sublease shall begin on [START DATE] and end on [END DATE].
2. Rent: Subtenant agrees to pay the rent of [RENT AMOUNT] per month, payable on the [PAYMENT DUE DATE] of each month. Rent shall be paid to Tenant or Tenant`s designated agent at [ADDRESS], or by any means accepted by Tenant.
3. Security Deposit: Subtenant shall pay a security deposit to Tenant in the amount of [SECURITY DEPOSIT AMOUNT] to be held as security for the performance of the Subtenant`s obligations under this Agreement. Tenant shall return the security deposit, less any deductions for damages or unpaid rent, within [NUMBER] days after the termination of this sublease.
4. Use of Property: Subtenant shall use the Property only for residential purposes, and shall comply with all applicable laws, rules, and regulations. Subtenant shall not make any alterations or improvements to the Property without the written consent of Tenant.
5. Maintenance and Repairs: Subtenant agrees to maintain the Property in a clean and safe condition, and shall promptly notify Tenant of any needed repairs or maintenance. Subtenant shall be responsible for any damage caused by negligence or misuse, and shall repair any damage caused by the Subtenant or Subtenant`s guests.
6. Termination: Either party may terminate this sublease upon [NUMBER] days` written notice to the other party. If Subtenant vacates the Property before the end of the term without obtaining Tenant`s written consent, Subtenant shall forfeit the security deposit and be responsible for any remaining rent due under this Agreement.
7. Governing Law: This Agreement shall be governed by the laws of [STATE].
8. Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior or contemporaneous agreements or understandings, whether written or oral.
9. Signatures: Each party acknowledges receipt of a copy of this Agreement, and each party has had an opportunity to review this Agreement with counsel of their choice. This Agreement may be executed in counterparts, and each counterpart shall be deemed an original. Facsimile or electronic signatures shall be considered valid signatures.
Conclusion
Remember, this is just a sample sublease agreement. You may need to modify or add additional provisions to suit your particular needs or the laws of your state. However, by providing a clear agreement that outlines the rights and responsibilities of each party, you can avoid potential misunderstandings and conflicts down the road.
