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This sublease is between Name , an individual (the "Original Tenant') and Name , an individual (the "New Tenant").
On or about Date , the Original Tenant and Name (the "Landlord") entered into a lease agreement (the "Lease"), which is attached as Exhibit A.
The Lease covers the residential property located at Street address , City , State , ZIP Code , (the "Premises"). Yes / No
Under section Number of the Lease, the Original Tenant is permitted to sublease its interest in the Lease, with the consent of the Landlord.
The Original Tenant wishes to sublease to the New Tenant its rights in, and delegate its obligations under, the Lease, and the New Tenant wishes to accept this sublease.
The parties therefore agree as follows:
1. SUBLEASE; TERM.
The Original Tenant subleases to the New Tenant all of its interest in the Lease and the Premises, subject to the terms in the Lease and this sublease. This transfer will become effective as of Date (the "Effective Date") and end on Date (the "End Date"). The period from the Effective Date to the End Date is the "Term." The New Tenant may not hold over on the Premises past the Term for any reason. Yes / No
2. ASSUMPTION OF RIGHTS AND OBLIGATIONS.
During the Term, the New Tenant shall assume all rights and obligations under the Lease and the Original Tenant shall have no further obligations under the Lease during the Term. The Original Tenant remains responsible for obligations accruing before and after the Term. Yes / No
3. TERMINATION OF LEASE.
The Original Tenant will provide at least Days days' prior notice to the New Tenant before the Original Tenant terminates his or her tenancy in the Premises. If the Lease is terminated for any reason, this sublease will terminate automatically effective the same date.
4. SECURITY DEPOSIT.
On or before the Effective Date, the New Tenant shall pay $$ Amount to the Original Tenant, as security for the New Tenant's performance of its obligations under this sublease. The Original Tenant shall return this deposit to the New Tenant, reduced by any deductions for damages to the Premises or other violations of this sublease, within Days days of the End Date.
5. INDEMNIFICATION.
6. CONTINUING EFFECTIVENESS OF LEASE.
This sublease is made on the understanding that all other terms of the Lease remain in full effect, including the prohibition against assignments and further subleases without the Landlord's express written consent.
7. ORIGINAL TENANT'S REPRESENTATIONS.
The Original Tenant represents that:
8. NEW TENANT'S INTEREST IN THE APARTMENT.
The New Tenant will be one of Number tenants occupying the Premises (the "Tenants"). Yes / No The New Tenant will
9. CONDITION OF PREMISES.
The New Tenant has examined and inspected the Premises and accepts them "as is" and in their present condition with all faults. Except as provided in this sublease, the Original Tenant makes no representations, covenants, or guaranties about the status, nature, or condition of the Lease or the Premises.
10. INTERPRETATION.
In interpreting the language of this sublease, the parties shall be treated as having drafted this sublease after meaningful negotiations. The language in this sublease will be construed as to its fair meaning and not strictly for or against either party.
11. GOVERNING LAW.
12. AMENDMENTS.
No amendment to this sublease will be effective unless it is in writing and signed by a party or its authorized representative.
13. COUNTERPARTS; ELECTRONIC SIGNATURES.
14. SEVERABILITY.
If any one or more of the provisions contained in this sublease is, for any reason, held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this sublease, but this sublease will be construed as if those invalid, illegal, or unenforceable provisions had never been contained in it, unless the deletion of those provisions would result in such a material change so as to cause completion of the transactions contemplated by this sublease to be unreasonable.
15. NOTICES.
| Street address | |
| City , State ZIP Code | |
| Street address | |
| City , State ZIP Code | |
16. WAIVER.
No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this sublease will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.
17. ENTIRE AGREEMENT.
This agreement constitutes the final agreement of the parties. It is the complete and exclusive expression of the parties' agreement about the subject matter of this agreement. All prior and contemporaneous communications, negotiations, and agreements between the parties relating to the subject matter of this agreement are expressly merged into and superseded by this agreement. The provisions of this agreement may not be explained, supplemented, or qualified by evidence of trade usage or a prior course of dealings. Neither party was induced to enter this agreement by, and neither party is relying on, any statement, representation, warranty, or agreement of the other party except those set forth expressly in this agreement. Except as set forth expressly in this agreement, there are no conditions precedent to this agreement's effectiveness.
18. HEADINGS.
The descriptive headings of the sections and subsections of this sublease are for convenience only, and do not affect this agreement's construction or interpretation.
19. EFFECTIVENESS.
This sublease will become effective when all parties have signed it. The date this sublease is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this sublease.
20. NECESSARY ACTS; FURTHER ASSURANCES.
Each party shall use all reasonable efforts to take, or cause to be taken, all actions necessary or desirable to consummate and make effective the transactions this sublease contemplates or to evidence or carry out the intent and purposes of this sublease.
SIGNATURE PAGE FOLLOWS
Individual / Business
Each party is signing this agreement on the date stated opposite that party's signature.
Date: _________________ |
By:__________________________________________ |
| Name: Original Tenant | |
Date: _________________ |
By:__________________________________________ |
| Name: New Tenant |
LANDLORD'S CONSENT
As Landlord under the Lease, I hereby consent to this sublease of the Lease, and to the New Tenant's assumption of the Original Tenant's obligations under it. Notwithstanding this sublease and my consent to it, the Original Tenant remains primarily obligated as tenant under the Lease and I do not waive or relinquish any rights under the Lease against either the New Tenant or the Original Tenant.
| Landlord Name | |
Date: _________________ |
By:__________________________________________ |
| Name: Landlord Name Name Title: Title |
PAGE BREAK HERE
EXHIBIT A
Attach copy of Lease