Subletting can be a great way to earn some extra income or help pay rent when a tenant needs to move out temporarily. However, it`s important to have a legal agreement in place to protect all parties involved. That`s where a sublet contract comes in.
A sublet contract is a legal document signed by the tenant who is subletting their space (the «sublessor») and the person who will be renting the space (the «sublessee»). This contract outlines the terms and conditions of the sublet, including payment, duration of the sublet, and any rules or regulations that must be followed.
To ensure the sublet contract is valid, it should be written in clear and concise language and signed by both parties. Here is a sample sublet contract that can be used as a guide when creating your own:
This Sublet Agreement («Agreement») is made on [date] by and between [sublessor name] («Sublessor») and [sublessee name] («Sublessee»).
1. Property: Sublessor hereby agrees to sublet the following property to Sublessee: [property address].
2. Term: The term of this sublet shall begin on [start date] and end on [end date].
3. Rent: Sublessee shall pay rent to Sublessor in the amount of [rent amount] on [due date] of each month. Payment shall be made to [payment method].
4. Condition of Property: Sublessee acknowledges that the property is being sublet in its current condition and agrees to leave the property in the same condition upon the termination of this sublet.
5. Utilities: Sublessee agrees to pay for all utilities used during the sublet term, including but not limited to water, electricity, and gas.
6. Use of Property: Sublessee agrees to use the property only for residential purposes and not for any commercial or illegal activities.
7. Pets: Sublessee agrees not to bring any pets onto the property without the written consent of Sublessor.
8. Termination: This sublet may be terminated by either party with [notice period] days` written notice.
9. Governing Law: This Agreement shall be governed by the laws of the state of [state name].
10. Entire Agreement: This Agreement constitutes the entire agreement of the parties and supersedes all prior communications, understandings, and agreements between the parties concerning the subject matter of this Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
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