This sublease is between
On or about
The Lease covers the residential property located at
The Original Tenant wishes to sublease to the New Tenant its rights in, and delegate its obligations under, the Lease, and the New Tenant wishes to accept this sublease.
The parties therefore agree as follows:
1. SUBLEASE; TERM.
The Original Tenant subleases to the New Tenant all of its interest in the Lease and the Premises, subject to the terms in the Lease and this sublease. This transfer will become effective as of
2. ASSUMPTION OF RIGHTS AND OBLIGATIONS.
During the Term, the New Tenant shall assume all rights and obligations under the Lease
4. SECURITY DEPOSIT.
5. INDEMNIFICATION.
6. CONTINUING EFFECTIVENESS OF LEASE.
This sublease is made on the understanding that all other terms of the Lease remain in full effect, including the prohibition against assignments and further subleases without the Landlord's express written consent.
7. ORIGINAL TENANT'S REPRESENTATIONS.
The Original Tenant represents that:
9. CONDITION OF PREMISES.
The New Tenant has examined and inspected the Premises and accepts them "as is" and in their present condition with all faults. Except as provided in this sublease, the Original Tenant makes no representations, covenants, or guaranties about the status, nature, or condition of the Lease or the Premises.
10. INTERPRETATION.
In interpreting the language of this sublease, the parties shall be treated as having drafted this sublease after meaningful negotiations. The language in this sublease will be construed as to its fair meaning and not strictly for or against either party.
11. GOVERNING LAW.
12. AMENDMENTS.
No amendment to this sublease will be effective unless it is in writing and signed by a party or its authorized representative.
13. COUNTERPARTS; ELECTRONIC SIGNATURES.
14. SEVERABILITY.
If any one or more of the provisions contained in this sublease is, for any reason, held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this sublease, but this sublease will be construed as if those invalid, illegal, or unenforceable provisions had never been contained in it, unless the deletion of those provisions would result in such a material change so as to cause completion of the transactions contemplated by this sublease to be unreasonable.
15. NOTICES.
16. WAIVER.
No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this sublease will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.
17. ENTIRE AGREEMENT.
This agreement constitutes the final agreement of the parties. It is the complete and exclusive expression of the parties' agreement about the subject matter of this agreement. All prior and contemporaneous communications, negotiations, and agreements between the parties relating to the subject matter of this agreement are expressly merged into and superseded by this agreement. The provisions of this agreement may not be explained, supplemented, or qualified by evidence of trade usage or a prior course of dealings. Neither party was induced to enter this agreement by, and neither party is relying on, any statement, representation, warranty, or agreement of the other party except those set forth expressly in this agreement. Except as set forth expressly in this agreement, there are no conditions precedent to this agreement's effectiveness.
18. HEADINGS.
The descriptive headings of the sections and subsections of this sublease are for convenience only, and do not affect this agreement's construction or interpretation.
19. EFFECTIVENESS.
This sublease will become effective when all parties have signed it. The date this sublease is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this sublease.
20. NECESSARY ACTS; FURTHER ASSURANCES.
Each party shall use all reasonable efforts to take, or cause to be taken, all actions necessary or desirable to consummate and make effective the transactions this sublease contemplates or to evidence or carry out the intent and purposes of this sublease.
[SIGNATURE PAGE FOLLOWS]
Each party is signing this agreement on the date stated opposite that party's signature.
Date: _________________ |
By:__________________________________________ |
Name: |
|
Date: _________________ |
By:__________________________________________ |
Name: |
LANDLORD'S CONSENT
As Landlord under the Lease, I hereby consent to this sublease of the Lease, and to the New Tenant's assumption of the Original Tenant's obligations under it.
Date: _________________ |
By:__________________________________________ |
Name: |
[PAGE BREAK HERE]
EXHIBIT A
Attach copy of Lease
How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.
From time to time, tenants may want to leave a rental property before the end of their lease. People may take new jobs in new cities, and companies may go out of business or sell their assets to a third party. Whatever the reason, tenants can transfer their lease interests to new parties by writing and signing a sublease.
A sublease is the transfer of part of one party’s lease rights and obligations to a third party. From then on, the new tenant is responsible for the original tenant’s lease obligations, including rent and property maintenance. However, the original tenant will still be ultimately liable for most (if not all) of its duties.
Successful property management begins with good documentation. A properly drafted and executed sublease will ensure that all parties, new and old, understand the obligations and responsibilities being transferred. This lays the foundation for a great (and long-lasting) landlord/new tenant relationship.
A sublease agreement gives a third party or subtenant only the specific rights provided in the sublease. The original tenant remains ultimately liable for any remaining lease obligations or any failure of the subtenant to meet their obligations. This means the original tenant will be responsible (to the same degree as the new tenant) for any missed rent payments or property damage.
A sublease arrangement is different from an assignment. An assignment is the complete transfer of one party’s interest in an agreement to a third party. If it is a lease assignment, the original tenant gives all their interest or rights to a new tenant. The new tenant is said to “step into the shoes” of the old tenant, and the old tenant is released from most of their obligations under the lease.
It is important that the new tenant receives a copy of the original lease agreement. They need to comply with its terms and should know what their new obligations and rights are.
The original tenant can’t give more rights than it has under the original lease. For example, if the term of the lease agreement is one year, the term of the sublease can’t be two years.
Most lease agreements require the landlord’s written consent to sublease. The sublease agreement becomes effective only when you have the landlord’s permission. Review your original lease agreement for additional information and see if additional terms and conditions make the transfer valid.
A landlord cannot “unreasonably” withhold consent to sublease, which is more common in commercial leases. What is considered unreasonable varies from jurisdiction to jurisdiction, and you should review the laws in your area (and the language in your original lease agreement) for additional information.
On the other hand, if the lease states that the landlord may use their “sole discretion” to evaluate the new tenant, they can veto a sublease for any reason.
Depending on your jurisdiction or the terms of your original lease, a landlord’s failure to respond to your request for consent to sublease within a certain time may itself be deemed consent. In some cases, it gives a tenant grounds to terminate the lease.
A landlord may consider only proper factors when deciding whether or not to consent to a sublet. Courts will consider some criteria impermissible (e.g., refusal is based on the new tenant’s race or sex). If your landlord does not consent to sublease, ensure they give you clear written reasons for the decision. Failure to provide these reasons can itself be deemed unreasonable.
In a sublease agreement, the parties involved agree to sign three copies: one for the subtenant, one for the original tenant, and one for the landlord.
Depending on the nature of its terms, you may decide to have the document witnessed or notarized.
State laws governing real estate, renting, leasing, and subleases vary widely and can have a tremendous effect on your arrangement. In some cases, specific information must be included in the sublease. In others, certain languages must be excluded from your agreement. Review your state and local laws for additional information about what is required in your area.
If your agreement is complicated, contact an attorney to help you draft a document that will meet your specific needs.
The following instructions will help you understand the terms of your sublease.
Start the agreement by identifying the parties and, if applicable, what type of organization(s) they are. In the agreement, the person who owns the property is called the “landlord.” The current tenant is called the “sublessor,” because they’re the people subletting the property. The new tenant is called the “sublessee.”
You should also provide the date on which the sublease will become effective (often the date on which it is signed).
The “whereas” clauses in the agreement define the world of the sublease agreement and offer key background information about the parties. The recitals include a simple statement of the parties’ intent to transfer the sublessor’s interest in the lease and the sublessee’s intent to assume it. Provide a brief description of the property being rented and the landlord's name under the lease. You must also provide a copy of the original lease along with the agreement.
When describing subleased premises, you need to provide enough details so they can be clearly identified. For individual houses, the property address will usually be sufficient. If the property has a specific name (e.g., “Lincoln Towers”), include that as well. If only a section of the premises is being subleased, make that clear in this description.
This section essentially confirms the parties’ agreement that the sublessor will sublease its rights and interests in the lease to the sublessee. This paragraph allows you to determine whether all of the sublessor’s interest in the lease is being subleased or only part of it. For example, if the original tenant is interested in only half of the premises, this should also be mentioned.
This section explains that the sublessor is no longer primarily responsible for the duties listed under the actual lease (e.g., rent, maintenance of property, etc.). Regarding the continuing liability of the sublessor, the following provisions can be opted for:
Note that, in any event, the sublessor will remain responsible for any obligations that occurred before the sublease became effective. In other words, if the damage happened to the apartment before the transfer or if the sublessor did not fulfill another obligation under the lease, they remain responsible for that damage.
Here, you have to provide the time period for which the sublease will last. This can’t be longer than the remaining time left on the actual lease.
This section explains what will happen to the sublease if the lease is terminated before the end of the term. The sublease is based on the main lease. If the lease terminates, the sublease will also terminate.
Generally, in a rental arrangement, an advance amount is paid or deposited as security to the landlord. At the end of the lease, this money (with deductions subtracted or interest added) is returned to the tenant. In a sublease relationship, the sublessor might still be responsible for any damages caused by the sublessee. In such cases, the landlord will be allowed to deduct the amount of this damage from the sublessor’s security deposit.
In this part, the sublessee promises to bear the financial cost of any injury the sublessor suffers because of the sublease or any lawsuits arising from the sublessee’s activities on the premises.
This section emphasizes that, except for the sublease, the original terms of the lease are still effective.
This clause lists the sublessor’s promises under the sublease. For example, the sublessor provides assurance that the prime lease and the rental interest it provides are useful (i.e., that no one else lives or has an interest in the place, that the lease is still in effect, and that the sublessor hasn’t defaulted in rental payments, etc.).
If there are other tenants in addition to the sublessee, include their details in this provision. This section also allows you to add information regarding what access the sublessee will have to the common areas of a property.
It states that the landlord or the original tenant doesn’t promise the premises to be perfect or useful in a particular way. Rather, the sublessee is taking the rented property for what it is and is accepting it in that state.
If the sublessee is under the age of 18, they can’t legally enter a contract, and the sublessor and landlord may not have assurance that the lease obligations will be met. This section requires the signature of a minor sublessee’s parent or guardian and the promise of that person that if the sublessee doesn’t meet its obligations, the parent or guardian will be responsible for those.
This provision allows the sublessor and the sublessee to include any representations, warranties, or other provisions particular to their situation.
This section states that the parties are on equal footing in negotiating the sublease. In many cases, contracts are interpreted in favor of the individual who did not draft them. This clause makes clear that both the tenant and the landlord were involved in the drafting, and so the document should not be read in favor of (or against) either.
It lists the addresses to which all official or legal correspondence should be delivered. Write a mailing address for both the sublessor and the sublessee.
It states that any changes to the document are only effective if they are made in writing and signed by the parties involved.
It allows the parties to choose the state laws that will be used to interpret the document. The governing law will almost always be that of the place where the apartment or rental building is located.
According to this provision, all three parties to the agreement can sign the sublease form using electronic signatures.
Here the parties agree that the document they’re signing (together with the original lease) is “the agreement” they are voluntarily signing according to the discussed terms and conditions.
From a dream job in another city to a relationship ending to the need for a new roommate, sometimes, it's time to move on from (or make changes) to a lease before it's up. If you want to transfer some of your residential lease responsibilities to a new tenant, a sublease with the landlord’s permission helps protect both parties.
The information you'll need to have to complete your landlord consent to the sublease of the residential lease are: