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Residential Sublease Agreement

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Residential Sublease Agreement Powered By Docstoc
					This is an agreement entered into between a tenant and a third party for the lease of all
or part of a residential property. The tenant retains some right under the original lease
and will remain liable to the landlord for all rental payments. The original lease can be
attached to this document under "Exhibit A" and a property description is provided under
"Exhibit B." This agreement covers all of the essential terms, such as the rental
amount, payment due date, term of the sub-lease, and security deposit. This
agreement can be used by individual tenants that want to lease out part or all of their
residential property to a third party.
                                         AGREEMENT TO SUBLEASE



THIS SUBLEASE AGREEMENT is made between ________________________ [Instruction: Insert
name of Sublessor or Sub-landlord], individually or collectively as the "Sublessor," and
___________________________ [Instruction: Insert the name of Subtenant], as the “Subtenant,"
together referred to as the "Parties."

________________________, [Instruction: Insert name of property owner] (“Lessor”) and Sublessor
as the Lessee executed the Master Lease by which property was leased to the Sublessor as the Lessee.

    NOW, the Sublessor wishes to Sublease (all / part) of that property referred to in this Sublease as the
Premises (defined below) to the Subtenant; and the Subtenant wishes to lease those Premises from the
Sublessor.

    IN CONSIDERATION for the mutual promises, covenants, and agreements made below, the
Parties, intending to be legally bound, agree as follows:

1. Definitions
    For purposes of this Agreement, the following terms will have the indicated definitions:

    a. "Agreement" This Agreement is by and between the Sublessor and the Subtenant.
    b. “Master Lease” The lease between the Sublessor and Lessor dated ______ [Month] ____
        [Date], 20__ [Year], and expiring ______ [Month] ____ [Date], 20__ [Year], [Instruction:
        Insert the start and end date of the Master Lease] whereby the Sublessor (as Lessee) leased
        from the Lessor the Premises (attached as Exhibit A – Master Lease).
    c. “Premises” The apartment / house situated in the City of _____________ [Instruction: Insert
        the City], State of Alaska, described as ________________________ [Instruction: Enter the
        location]. [Optional: See Exhibit A for the Premises.]
2. Original Lease
    In addition to the provisions of this Sublease Agreement, the Subtenant agrees to be bound by all the
    conditions of the Lease between Sublessor and the Lessor, the Master Lease. The Subtenant agrees to
    assume all of the obligations and responsibilities of the Sublessor under the Master Lease for the
    duration of the Sublease Agreement.

3. RENT PAYMENTS:




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    Subtenant will pay a total monthly rent of _________ ($__). [Instruction: Insert the monthly rent]
    Rent will be payable on the _____ (__) day [Instruction: Insert day payment is to be made by, e.g.
    [First (1st)]] of each month directly to the Sublessor.

4. Uses
    The Subtenant shall use and occupy the Premises for residential purposes only. The Premises shall be
    used for no other purpose. The Sublessor represents that the Premises may lawfully be used for such
    purpose.

5. Utilities
    All charges for utilities connected with Premises which are to be paid by the Sublessor under the
    master lease shall be paid by the Subtenant for the term of this sublease.

6. Agreement Termination
    If the Master Lease is terminated, this Sublease shall terminate simultaneously and the Sublessor and
    the Subtenant shall thereafter be released from all obligations under this Sublease. Upon termination
    the Sublessor will refund to the Subtenant any unearned rent. In accordance with paragraph 2, if
    Sublessor terminates S
				
DOCUMENT INFO
Description: This is an agreement entered into between a tenant and a third party for the lease of all or part of a residential property. The tenant retains some right under the original lease and will remain liable to the landlord for all rental payments. The original lease can be attached to this document under "Exhibit A" and a property description is provided under "Exhibit B." This agreement covers all of the essential terms, such as the rental amount, payment due date, term of the sub-lease, and security deposit. This agreement can be used by individual tenants that want to lease out part or all of their residential property to a third party.
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