What is sublease agreement
Sublease agreement is an agreement between a tenant and a new tenant to rent the property already rented to a tenant. This agreement allows the tenant to keep a subtenant in the property. The duration of the sublease is determined by the landlord and all the rules and regulations that imply to the main tenant are also applicable to the subtenant. The subtenant is liable to the main tenant and is also answerable to the main tenant for any compensation of the damage to the property.
Important considerations in framing sublease agreement
The sublease agreement is an important legal document and this is the reason why it should be framed with utmost care. The clauses should be made keeping in mind the convenience of the tenant and the subtenant as well as the requirements and conditions that apply from the side of the landlord. The main person to whom the subtenant is answerable is the tenant therefore the sublease agreement is between the sublessor and sublesse. The agreement should have the names of both the sublessor and the sublesse, the location of the property in its entirety. The rent amount that has been agreed upon, the duration for which the agreement is valid and after which the sublease is considered void; All these aspects of the contract should be included in the agreement along with any other condition that is important to be stated for the agreement like the responsibility of the sublesse and the maintenance of the property during the stay of the sublesse.