Subleasing is the act of having a third party lease out or rent an area of your property, or the entire unit itself. For example, let us say you are leasing a 2-bedroom apartment, with one of the rooms being left vacant since you moved in. You now have the option lease out that room to another person. With that said, here are a couple of sublease agreement templates you can look into.
A commercial sublease is exactly the same thing as a residential sublease, with one obvious difference. One is for residential, the other is for commercial spaces. If you are renting out a commercial space that may be too big for you, or you have extra rooms and you can’t just figure out what to do with them, you can lease them out. That way, those spaces won’t be left catching dust anymore, and you won’t have to carry the burden of paying for rent alone. Prepare a sublease agreement template that is specifically made for commercial space subleasing, such as this one.
Subleasing your property obviously has its benefits. You will have someone else share the responsibility of paying rent with you, you may even earn a friend in the process. Make sure you have a sublease agreement as thorough as this one before you proceed. Things such as the terms and conditions of the lease, the reason for the leasing, the description of the property, and so many more are discussed in this agreement. This is one you can definitely use if you are unfamiliar with the universal law that applies when subletting a property, as everything here is already laid out for you. All you have to do is read it thoroughly, fill out the necessary areas, and you should be good to go.
This sublease agreement is for a property in Colorado and contains basically everything you can expect from an agreement form. Remember to also have this be signed and acknowledged by the landlord and the agent, otherwise, the agreement will be null. Everything that you have also discussed verbally, if those agreements have not been written down on this form, will not be considered binding.
This sublease agreement reiterates fully the repercussions in case any damages occur. In a normal case, the full responsibility of the property falls upon the principal tenant and not the subtenant. With this agreement, however, the tenant states fully well that the subtenant should be held responsible for any damage he or she may incur. The subtenant is also passed the same responsibility as the tenant, having them both equally responsible for the entire property. This is something you must not forget to do as a tenant. A lot of people forget to put this in their agreement, and they end up being held fully responsible for the entire property, even for the damages he or she did not do.
This sublease agreement is the simplest form out of everything in this list. This is a good agreement to use if you are subleasing to a person you trust, like a close friend or a close relative. All that needs to be done here is to fill out your names, date of occupancy, payment terms, and necessary conditions. Everything here is pretty straightforward, nothing is hard to comprehend. So if you want an easy transaction, this is the right form to fill out.
This commercial subleasing agreement is very comprehensive, as expected with businesses. Everything is thorough and concise. Things like terms and possession, payment, or the absence of payment, security and insurance, and law and rights are discussed and laid out cohesively in this agreement. As a business, it is impeccable that you understand this agreement front to back. For subtenants, especially for small and medium enterprises (which most of the time are the ones who become subtenants anyway), the state of how things go in the period of that agreement is a driving force to how a company can operate. Make sure both parties have copies of the agreement, and both know it extensively.
Unless a special contract is put in place, consider the fact that it is still your name that is on the lease, so you will be the one held responsible for any discrepancies that may occur in that property. Just make sure you do a little background check on the subtenant. Since you will be living together for quite some time, you might as well make sure you will be living with someone pleasant and responsible.