Template For Sublease Agreement

A sublease agreement allows a tenant who has a lease for a residential property to assign his rights to the property, which allows a new person, called a subcontractor, to take over all or part of a property in his place. This contract can be used if the original tenant is absent from the property for part or all of the remaining duration of the original rental agreement. The tenant can pay the rent either to the lessor or to the tenant to take charge of the area that the tenant originally rented to the lessor. Other common provisions of a sublease agreement are as follows: a sublease agreement is a legally binding document that sets out the rules and expectations that the subtenant must meet. fThe form is used when a tenant who still has considerable time for his lease wishes to leave the property and live elsewhere for the rest or part of the lease. A colocation agreement must be used in combination with a sublease agreement if the subtenant shares rent with one (1) or more people. Yes…