A sublease agreement is a secondary contract for using a property. The primary lease is between the property owner and a tenant. With a sublease agreement, the tenant creates another contract with a third party.
Sometimes, this agreement covers the entire property, and other times it's only for a portion of the unit. With PDFSimpli, it's easy to find a sublease agreement template with terms that fit your goals.
This type of agreement is generally used by tenants who want to generate some passive income on the side. For example, a tenant who rents a large house with multiple floors may decide to sublet a basement apartment and make some money to offset the cost of rent.
Often, this type of agreement is related to residential properties, such as homes and apartments. That said, there are commercial sublease agreements available for business properties, too.
Before starting with your PDFSimpli sublease agreement template, check the terms of your original rental agreement. Some leases prohibit subletting or require you to give a portion of the profits to the property owner.
You also need to choose a sublease agreement template with terms that protect your interests. If a third party damages the property, you may be liable for costs, so terms related to a security deposit may be wise.
