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Convert Sublet Agreement Template

Convert Sublet Agreement Template

Aug 6th, 2022

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How to Convert Sublet Agreement Template

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A sublease agreement is a document outlining the relationship between a tenant (sublessor) and a third party (sublessee) who wishes to rent the same premises. This agreement does not terminate the original lease. It is commonly used when a tenant has remaining rent obligations but has vacated or plans to vacate, with the landlord's consent. In this arrangement, the tenant finds a sublessee, collects rent from them, and pays it to the landlord. The original lease is referred to as the master lease, and a sublease typically cannot exceed the time frame of the master lease, unless the landlord agrees to extend it.

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