A sublease agreement is a contract whereby some or all of the property rights that a tenant has under a residential lease are transferred to a third party. The pros and cons of writing a sublease versus buying a contract prepared by a state-specific attorney online for less than ten dollars.

How to draw up a sublease contract and the difficulties?

A sublease agreement must contain the following clauses:

1. Sublord Information (s).

2. Information of subtenant (s).

3. The location of the premises.

4. Duration of the sublease agreement, including start and end dates.

5. Rent payment: The monthly rent payment.

6. Agreement Termination – The date the agreement ends.

7. Utilities: Generally, it is written that all facility-related utility charges payable by the sublord under the main tenant will be paid by the subtenant during the term of this sublease.

8. Property condition: This clause establishes that the sub-lessor will deliver the facilities at the end of the sublease in the same conditions in which it was received at the beginning of the term, except for reasonable wear and tear. The subataire will be liable to the sub-lessor for damages that occur in the premises or its contents or in the building that are made by the subataire or his guests.

9. Deposit: Subataire agrees to pay the sublord an agreed deposit to cover damage beyond normal wear and tear, unpaid rent and unpaid utilities. The sub-lessor accepts that if the facilities and their content are returned to them in the same condition as the subataire received them, their reasonable wear and tear is excepted, and if there is no unpaid rent or unpaid utility bills owed by the subataire, he / she will refund the subataire the amount of the deposit in full at the end of the term, or within 30 days thereafter.

10. Inventory clause.

11. Original lease clause.

What are the dangers of drafting a sublease agreement?

A written sublease agreement and free sublease agreements downloaded online are both almost always incomplete and contains errors. When dealing with a troubled tenant failing to pay rent or damaging the property, it is imperative that a lawyer prepare a sublease to ensure that the sublord’s legal rights are fully protected.

Is it essential to obtain a properly drafted sublease agreement?

Yes. It is an absolute necessity. A proper sublease is state specific, prepared by an attorney, and complete for your full legal protection.

Sublease agreement.