Sublease Agreement Template
We have created Sublease Agreement template with simplicity in mind. It is an easy to use and ready made Sublease Agreement template that enables you to know exactly what the client’s responsibilities are and saves your time and money.
Free Sublease Agreement Template Samples
To help you grow your Business we have made a quite simple yet reliable Sublease Agreement template in Word and PDF versions so you can use it repeatedly.
- Describe the Premises
- Name the Tenant and Subtenant
- Outline the Term of the Sublease
What is a Sublease Agreement?
Are sublease agreements legal?
You’re probably wondering if a sublease agreement is even legal. On the other hand, some of you might be wondering why it wouldn’t be. Regardless of what your initial thought is, it’s clear that drafting a sublease agreement seems to fall in a gray area. So, is it legal?
For the most part, the answer lies in your lease. If your primary lease agreement doesn’t specifically prohibit the use of a sublease agreement, it’s generally OK to do. However, if you’re unsure, you can always ask the property owner directly.
Why Should you use a sublease agreement?
If you decide to sublease, there’s no doubt that you should have a formal sublease agreement. Even if the sublease is between friends or family, a written agreement can save you from being taken advantage of in the long run. However, whether or not to sublease at all is an entire separate consideration you’ll have to make after weighing the facts.
Important Terms
How to Write a Sublease Agreement?
You’ll need to include the following sections when drafting a simple sublease agreement:
- Describe the Premises: Your first step when creating your sublease agreement is to describe the property and include the address. It’s important to clarify exactly what the subtenant will be renting, be it a single room or the entire rental unit.
- Name the Tenant and Subtenant: The names of both the original tenant and new subtenant need to be included in the sublease agreement.
- Outline the Term of the Sublease: Decide how long you would like to sublet the property to your subtenant. This is known as the “term” of the sublease. A subtenant doesn’t necessarily need to sublet the rental property for the same length of time as the original tenant’s lease. For instance, it could be month-to-month, or for a set term.
- Explain the Details of the Original Lease: Your new subtenant must be made aware of any provisions included in the original lease agreement. For example, if pets are allowed on the premises or whether smoking is prohibited in the rental unit. A general statement explaining that the sublease and subtenants are obligated to comply with the original lease is also sufficient.
- Determine the Rent Amount: Here, you’ll define exactly how much money the subtenant owes each month. This amount will be paid by the subtenant to the original tenant unless otherwise stated.
In the event the subtenant fails to pay rent or causes damage to the property, the original tenant is liable to pay the landlord. If a sublease agreement is broken by the subtenant in any way, the original tenant is solely responsible for remedying the situation.
Other common provisions found in a sublease contract include:
- Landlord Approval: if the original lease requires, the tenant must get written approval
- Sublease Security Deposit: how much the subtenant must pay as security against damage
- Late Fees: how much extra the subtenant must pay if rent is not paid on time
- Utilities: whether utilities are included or whether the subtenant must pay for utilities
- Furnishings: whether or not the premises will be furnished
- Alterations: usually the subtenant is not allowed to make any alterations to the premises
- Policies: whether things such as smoking, pets, or subletting are allowed
Frequently Asked Questions
FAQs about our Sublease Agreement Templates
We recognize that your contract layout conditions may need to be changed to be in line together with your client’s needs. That’s why we have made Contrat in Word format as well so that you’ll be able make adjustments as you like. If you want to make important changes to the template, we propose you to get help of a lawyer or conveyancer to make sure you still have protection.
Whether you’re a sublessor or a subtenant, always request a written sublease agreement. Verbal contracts do not hold up in court as well as a physical, signed contract. Protect yourself and create a written sublease agreement.
Commercial sublease agreements are among the least protected agreements when it comes to legal recourse. In order to protect themselves, landlords should require the following information before approving a sublease agreement:
- Name and contact information of potential subletters
- Details about the business subletter runs
- Full financial details of the subletter
- Information about any alterations to the property that might be needed
- Whether a subtenant is willing to sign a commercial sublease agreement
