1. PartiesTenant: [Insert tenant’s full name]
Subtenant: [Insert subtenant’s full name]
This agreement is made between the above-mentioned parties on this [Insert date].
2. PremisesThe premises being sublet by the Tenant to the Subtenant is located at [Insert complete address of the property].
3. Term of SubleaseThis sublease commences on [Insert start date] and terminates on [Insert end date], unless otherwise terminated in accordance with the provisions of this agreement.
4. RentThe monthly rent for the premises is $[Insert amount], payable on the first day of each calendar month.
5. Security DepositUpon execution of this agreement, Subtenant will deposit with Tenant the sum of $[Insert amount] as security for any damage caused to the Premises during the term of this sublease.
6. Use of PremisesThe premises will be used for residential purposes only.
7. Repair and MaintenanceThe Subtenant will keep the premises, including furniture and appliances, in clean, sanitary, and good condition.
8. InsuranceThe Subtenant is responsible for having sufficient insurance to cover all personal property located on the premises.
9. DefaultIf Subtenant fails to comply with any of the material provisions of this agreement, or of any present rules and regulations, Tenant may terminate this sublease upon providing appropriate notice to Subtenant.
10. Governing LawThis agreement shall be governed by and construed in accordance with the laws of the state of [Insert state name].
11. Entire AgreementThis agreement contains the entire agreement between the parties and supersedes any prior understanding or representation of any kind preceding the date of this agreement.
12. Signatures_________________________ _________________________
Tenant’s Signature Date
Subtenant’s Signature Date Note: This is a basic sublease agreement template. In some jurisdictions, additional disclosures or addendums may be required. It is recommended to seek advice from a real estate attorney or professional before finalizing the agreement.
Ensuring that you have the right lease agreement in place is crucial for a successful landlord-tenant relationship. The simple lease agreement template is an ideal starting point for those new to property leasing. It provides a clear and concise legal framework, stipulating both parties’ obligations and rights. These agreements are essential to protect both parties and ensure the smooth running of the lease period.
Sometimes, circumstances change and you may wish to sublet your lease. In such cases, it’s necessary to have a legally binding sublet agreement in place. If you find yourself needing to cancel your lease prematurely, the cancel lease agreement template can guide you through this process. It provides a formal document outlining the conditions and procedures for terminating a lease, thereby minimizing potential disputes or misunderstandings.
In some instances, you might be renting out a section of your home, like a granny flat. For such unique rental situations, use the granny flat agreement template . This template covers all the necessary details related to sub-letting a part of your property, ensuring all terms and conditions are clearly defined.
For more intricate leasing situations like an option to purchase or rent-to-own agreements, we have specialized templates like the option to purchase agreement template . This detailed contract outlines terms for renting with the provision of purchasing the property at the end of the lease term. The key is always selecting the right template for your unique leasing situation.