Sublease agreement template 
        
       This Sublease Agreement (this “Agreement”) is made and entered into as of date _____(the 
       “Effective Date”), by and between [TENANT NAME] (the “Tenant”) of the following address: 
       _____________ and [SUBTENANT NAME] (the “Subtenant”) of the following address: 
       _____________.  Collectively, the Subcontractor and the Contractor will hereinafter be referred 
       to as the "Parties” and individually as ‘Party”. 
        
       Whereas,​ the Agreement entails the subletting of the property located at [ADDRESS] (the 
       “Property”) by the Tenant to the Subtenant, based on the terms outlined below. 
        
       Whereas​, the provisions of this sublease agreement are subject to the terms and conditions of 
       the master lease (the “Master Lease”) dated ______ between [LANDLORD NAME] (the 
       “Landlord”) and the Tenant with respect to the Property.  
        
       Whereas,​ the Parties agree to keep, perform and fulfill their obligations, conditions and 
       agreements. 
        
       NOW THEREFORE​, in consideration of the just stated, and of the mutual covenants and 
       obligations set forth herein, the Parties agree as follows: 
        
       AGREEMENT TO SUBLEASE 
        
         ● The Tenant agrees to lease to subtenant and the Subtenant agrees to rent out and use 
          the Property for the Term outlined below. 
         ● The Property will be occupied by the Subtenant only and used only for residential 
          purposes. 
         ● The subtenant is obligated to assume all the responsibilities of the Tenant under the 
          Master Lease for the duration of this Agreement.The Master lease is hereby 
          incorporated for reference. 
        
       TERM 
        
         ● The term of this Agreement shall start on the Effective Date and end ____ year 
          thereafter (the “Term”). At the end of the term, the subtenant will vacate the premises. If 
          the subtenant refuses to vacate the Property after the Term period, then it will be 
          considered a breach of contract. Only with written consent from both Parties, the Term of 
          this Agreement may be extended.  
        
        
        
       RENT & SECURITY DEPOSIT PAYABLE 
        
         ● Rental for the Property​. The Property rental of [AMOUNT] per month, is to be paid by 
          subtenant on the ___ day of each month for the Term. This fee needs to be paid via wire 
          transfer to the Tenant. The Tenant will be responsible for paying the rent on the Master 
          Lease to the Landlord. 
         ● Utility charges​. The utility charges including but not limited to electric, heat, and water, 
          related to the property, which was paid by the Tenant under the Master Lease, shall now 
          be paid by the subtenant for the period of the Term. 
         ● Security deposit​. The Subtenant is obliged to pay [AMOUNT] as security deposit to the 
          Tenant. The security deposit will be returned in full to the subtenant, at the end of the 
          Term, if the premises and everything contained therein is returned to the Tenant in the 
          same condition as they were prior to the subtenant’s occupancy - ordinary wear and tear 
          exempted. The security deposit should be returned to the subtenant within ___ days of 
          contract agreement expiry. In case the Tenant retains any portion of the security deposit, 
          they are obligated to share a written notice with the subtenant explaining the reason for 
          the same.  
        
       SUBTENANT’S RIGHTS & RESPONSIBILITIES 
        
         ● Home insurance​. Similar to the requirements under the Master Lease, the subtenant 
          too shall acquire home insurance. This insurance will Tenant and the Landlord as 
          additional insured. 
         ● Property changes.​ The Subtenant is prohibited from making any alterations or 
          improvements to the property, including but not limited to, change in original set-up, 
          configuration, or layout.   
         ● Smoking and illegal activities. ​All illegal activities and smoking of any kind are strictly 
          prohibited within the Property premises 
         ● Subletting. ​The subtenant is not allowed to further sublet the Premises to a third party, 
          without explicit written approval from the Landlord and Tenant. 
        
       MAINTENANCE 
        
         ● Inventory form & checklist.​ In order to avoid any disputes about the condition of the 
          Property, at the time of possession, the Tenant shall provide the subtenant with an 
          inventory form and checklist. Following thorough inspection, the subtenant shall fill in the 
          same acknowledging the condition and types of contents within the Property. The 
          Tenant will be responsible for any cleaning or fixing of damages recorded during this 
          inspection. 
         ● Condition of premises on return.​ The Subtenant agrees to surrender and deliver to the 
          Tenant, upon conclusion or expiration of the term, everything in the same condition as 
          was detailed out in the inventory prior to the subtenant's occupancy. Any loss or damage 
                          to the Property, or anything contained therein during the term of this Agreement, will be 
                          solely the liability of the subtenant. 
                  
                  
                 BREACH OF CONTRACT 
                  
                      ● Default​. The Subtenant will be considered to be in breach of this agreement in case of: 
                              a. Failure to perform any of the obligations under this agreement 
                              b. Unreasonable delay in payment 
                              c.  Abandonment of the Property 
                              d. Insolvency or bankruptcy 
                      ● Remediation & Legal Fees. ​The Tenant is obligated to share a notice with the 
                          Subtenant outlining the issue. From the time of receiving intimation of the default or 
                          breach, the Subtenant has two days (2) to cure the breach situation. Else, the Tenant 
                          has the right to: 
                              a. Cancel the Agreement and recoup losses from the Subtenant 
                              b. Physically visit the Property and repossess it 
                              c.  Any remedies not mentioned here, but allowed by the local laws 
                  
                          If either Party seeks to enforce the terms in this agreement via court or binding 
                          arbitration, the prevailing Party shall recover from the other all reasonable losses, 
                          damages and costs including legal fees incurred in enforcing this agreement.  
                  
                 GENERAL PROVISIONS 
                      ● Notices​. This lease agreement constitutes the entire agreement between the parties, 
                          and no additions, deletions or modifications may be made to this agreement without the 
                          written consent of the parties. 
                      ● LIMITATION OF LIABILITY.​ IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR 
                          DAMAGES RESULTING FROM OR CONNECTED WITH ANY PART OF THIS 
                          AGREEMENT, SUCH AS, BUT NOT LIMITED TO, LOSS OF REVENUE OR 
                          BUSINESS, INJURY, OR DAMAGES TO TENANT’S PROPERTY - WHICH ARE NOT 
                          RELATED TO OR A DIRECT RESULT OF EITHER PARTY’S NEGLIGENCE OR 
                          BREACH. 
                      ● SEVERABILITY. ​IN THE EVENT ANY PROVISION OF THIS AGREEMENT IS FOUND 
                          TO BE INVALID OR UNENFORCEABLE, IN WHOLE OR IN PART IN ANY 
                          JURISDICTION, IT SHALL NOT AFFECT THE VALIDITY OF THE REST OF THE 
                          AGREEMENT. ALL OTHER PROVISIONS, WITHIN THIS CONTRACT, SHALL 
                          REMAIN IN FULL FORCE AND EFFECT, ENFORCEABLE IN THE COURT OF LAW.  
                      ● Governing law.​ This Agreement will be bound to the laws of the state____________. 
                  
                  
                  
                  
        
        
        
       In witness whereof,​ the Parties by their respective signatures below, have executed this 
       sublease Agreement as of Effective Date. 
        
       [SUBTENANT NAME] 
        
       _________________________________ ______________ 
       Signature                                                       DATE 
        
       [TENANT NAME] 
       _________________________________ ______________ 
       Signature                                                        DATE 
        
        
       Attachment(s): 
       (1) Master lease agreement. 
       (2) Landlord consent form