Document Description
Having a successful Sublease arrangement requires due diligence from all parties. It’s wise to have a
state specific Residential Sublease Agreement (AKA Sublet Agreement) in place. Our state-of-the-art Lease Builder Wizard makes this crucial step in a Sublease process easier than ever before. This simple program walks you through every step of building your Residential Sublease Agreement. With a few clicks of the mouse, all of the line items, clauses and addendums are combined into one complete and comprehensive Lease package.
Our exclusive
State Assist technology helps to ensure that your Residential Sublease Agreement will meet or exceed your state's requirements. This user-friendly program has been refined by a team of legal and industry specific experts to provide you with
the highest-quality Residential Sublease Agreement available online.
Once all the jurisdictional requirements have been met, the Lease Builder Wizard allows you to further
customize your Lease package with up to 47 optional features covering virtually every imaginable rental situation. Now the protection of a complete and comprehensive Residential Sublease Agreement is at your fingertips.
Document Features
- State-Specific and designed for use in each of the 50 US States
- Create your Residential Sublease Agreement with our state-of-the-art Lease Builder Wizard
- State Assist provides important legal information for your state
- Written in simple, plain language, so it's easy to read and understand
- Customizable
- Selectable Rules and Regulations (see below)
- Residential Sublease Package combines all of your Lease documents together (see below)
- Complete and Comprehensive
These are just some of the many documents you may s elect to include within your Residential Sublease Agreement...
Rules and Regulations
This is an example of some of the selectable rules and regulations in the Lease...
- Late fees are strictly enforced and any unpaid fees will not be waived
- The Sub-Tenant will be responsible for any fine and/or violation that is imposed on the Sub-Landlord due to the Sub-Tenant’s negligence
- The Sub-Tenant agrees to test smoke detectors periodically as well as maintain operational batteries at all times.
Document Definition
A Sublease Agreement is a contract, traditionally written between a current Tenant of a rental property and a renter who desires to take over temporary possession of the property. In most circumstances, the original Tenant remains liable to the Owner or Landlord of the rental property.
Who: The parties involved in the contract, the sublessor (sometimes referred to as the Sub-Landlord) and the lessee (sometimes referred to as a Sub-Tenant) are identified in the contract.
What: In real estate law, sublease (or, less formally, sublet) is the name given to an arrangement in which the lessee in a Lease assigns the Lease to a third party, thereby making the old lessee the sublessor (Sub-Landlord), and the new lessee the sublessee (Sub-Tenant). Source: Wikipedia
When: The term of the rental may be for a night (e.g., a hotel room), weeks, months, or years. The Sublessor (original Tenant on the Lease, referred to as the Sub-Landlord) remains liable to the original lessor (initial Landlord/Owner of the rental property) for the balance of the original lease term as well as any applicable renewals in addition to any damage to the property plus payment of rent.
IMPORTANT: Often, the original Lease requires permission from the Owner, Landlord or Agent for a Sublease arrangement.
Glossary of Terms in this Document
- Lease
- A written agreement entered into between a Landlord and Tenant, through which the Tenant is granted the right to exclusive use and occupation of the Landlord's residential property for a specified amount of time, and in exchange for an agreed-upon sum of money. Also called a "rental agreement."
- Rental agreement
- A rental agreement is a contract, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term.
Source: Wikipedia
- Subletting
- Gives the Tenant the right to sublease the property if the Tenant cannot fill out the term of the Lease or wants to rent part of its space to someone else. This clause will specify under what conditions the Tenant can avail itself of this right. Under a sublet, the original Tenant is still responsible for honoring the provisions in the Lease.
- Tenant
- A person who has been given the right to use and occupy rental property owned by another person, usually through a Lease or rental agreement. The Tenant's right to exclusive enjoyment of the property is typically granted in exchange for an agreed-upon amount of money, and is limited to a fixed time period (usually set forth in the Lease).