Assignment And Sublease Clause
Description
How to fill out Assignment Of Sublease?
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FAQ
What is one important difference between a sublease and a lease assignment? In an assignment, responsibility for the original lease is transferred completely to the assignee. In a sublease, the original tenant retains primary responsibility for performance of the original lease contract.
Sublessor agrees that if the premises and contents thereof are returned to him/her in the same condition as when received by the subtenant, reasonable wear and tear thereof excepted, (s)he will refund to the subtenant $________ at the end of the term, or within 30 days thereafter.
How to write a sublease contract Provide a description of the property. ... Add the names of the tenant and subtenant. ... Lay out the terms. ... Discuss any additional information. ... Decide the amount of rent. ... Determine the security deposit amount. ... State any late fees. ... List the policies and/or conditions.
Subletting means that you find another person to live in your place and pay rent to you, while you remain the original tenant and responsible for the lease. Assigning means that you transfer your lease rights and obligations to another person, who becomes the new tenant and deals directly with the landlord.
This clause prohibits the tenant from assigning or subletting all or any portion of its space without the consent of the landlord, which can be withheld by the landlord for any or no reason.