Sublease Agreement Template

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Sublease Agreement Template Powered By Docstoc
					This is an agreement between a tenant and a sublessee for the sublease of certain
property. The parties can customize this agreement to specify the length of the
sublease, the location of the premises, the rent amount, and the security deposit.
Generally, the original tenant retains some obligation under a sublease agreement and
can be liable to the original landlord for any unpaid rent or damage to the property. The
original lease between the tenant and the landlord can be attached under “Exhibit A” of
this agreement. This agreement can be used by individuals or small businesses that
want to sublease a portion or all of their premises to a sublessee.
                                 SUBLEASE AGREEMENT
       This Sublease Agreement (“Agreement”) is hereby entered into this _____ day of
___________, ___________ by and between _____________________ of ________________
(“Sublessor”), ______________________ of ______________________ (“Sublessee”), and
________________________ of _____________________ (“Lessor”).

                                         RECITALS

       WHEREAS, Sublessor has entered into a lease agreement dated ______________ for the
premises located at _____________________ (the “Premises”) with Lessor for a term ending on
___________________________ (the “Lease”), a copy which is attached hereto as Exhibit “A”
and incorporated herein by reference; and

       WHEREAS, Sublessee and Sublessor wish to enter into this Agreement, pursuant to
which Sublessor will sublease the Premises to Sublessee.

       NOW, THEREFORE, the Parties agree to the following terms and conditions.

                                 TERMS AND CONDITIONS

1.     TERM

        This Agreement shall commence on ________________________ and shall continue in
effect for a period of ______________________ (__) years.

2.     PREMISES

       For the term of this Agreement, Sublessor hereby subleases to the Sublessee the Premises
located at: ___________________________________________________________________
______________________________.

3.     RENT

        Sublessee agrees to pay a monthly rent at the rate of ___________ dollars ($___) per
month for the term of this Agreement. Sublessee shall pay the rent on the ___________ day of
every month. If the rent or any other monies due under this Agreement is not paid as and when it
is due, Sublessee agrees to pay a late fee of ________ dollars ($___).

4.     SECURITY DEPOSIT

        Sublessor acknowledges receipt of _____________ dollars ($__) as security deposit for
the Premises. Sublessor may deduct any amount of damages incurred due to Sublessee’s breach
of this Agreement from the security deposit. Sublessee shall not apply the security deposit to
any unpaid rent or late fees. Upon termination of this Agreement: (a) Sublessee shall surrender
the Premises in good repair and condition, reasonable wear and tear excepted and (b) Sublessor


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shall process the security deposit and provide Sublessee with an itemized list of security deposit
deductions and copies of all related bills provided by contactors, repairmen, or cleaning services.
Sublessor shall then return the remainder of the security deposit to Sublessee.

5.     INSPECTION

        Sublessor and Sublessee shall conduct a joint inspection of the Premises and shall record
in writing any damage or deficiencies that exist before the commencement of the Term.
Sublessor will be liable for the cost of repairing or correcting the damages found at the time of
the inspection.

6.     MAINTENANCE

       Sublessee shall maintain the Premises in good repair, replace the fittings and fixtures as
and when necessary at its own cost, and shall not be entitled to claim any reimbursement for the
same from Sublessor.

7.     QUIET ENJOYMENT

       Sublessee shall be entitled to quiet and peaceful enjoyment of the Premises, and neither
Sublessor nor Lessor will interfere with that right, as long as Sublessee pays the rent in a timely
manner and performs all other obligations under this Agreement.

8.     TERMS & CONDITIONS OF LEASE

        Sublessee acknowledges receipt of a copy of Sublessor’s Lease and Lessor’s rules and
regulations. Sublessee agrees to observe all applicable terms and conditions of the Lease along
with any rules and regulations during the Term. Any failure by Sublessee to abide to any such
terms and conditions will be considered a breach of this Agreement.

9.     USE

       Sublessee shall not use the premises for any purpose other than as a private residence.

10.    TERMINATION

       If, at any time during the Term, any of the rent remains unpaid, there is a material breach
of any of the covenants under this Agreement, or if Sublessee becomes or is declared insolvent,
then Sublessor may terminate this Agreement and re-enter the Premises.

11.    SUBLEASING & ASSIGNMENT

       Sublessee shall not make any further assignments or subleases without the prior written
approval of Sublessor and Lessor.

12.    SEVERABILITY



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        If any part or parts of this Agreement shall be held unenforceable for any reason, the
remainder of this Agre
				
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Description: This is an agreement between a tenant and a sublessee for the sublease of certain property. The parties can customize this agreement to specify the length of the sublease, the location of the premises, the rent amount, and the security deposit. Generally, the original tenant retains some obligation under a sublease agreement and can be liable to the original landlord for any unpaid rent or damage to the property. The original lease between the tenant and the landlord can be attached under “Exhibit A” of this agreement. This agreement can be used by individuals or small businesses that want to sublease a portion or all of their premises to a sublessee.
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