Residential Sublease Agreement

General Info
Parties
Sublease Agreement Details
Final Details
Signing Date
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Master Lease Information

Lease start date:

Property Address: e.g. Street, City, Province, Postal Code

A copy of the Master Lease:

Is attached to the Sublease Agreement Will be provided to the Subtenant

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Sublease Agreement Information

Type:

Fixed End Date Fixed Number of Weeks Fixed Number of Months Fixed Number of Years Weekly with Automatic Renewal Monthly with Automatic Renewal Yearly with Automatic Renewal

Start Date:

End Date:

Area to be Subleased:

All of the premises A portion of the premises

Description:

(e.g. the fourth floor of the premises)

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Rent

Is the rent the same as under the Master Lease?

Yes No

Send the rent to:

Sublandlord Landlord

Tenant will pay rent every:

Week Month Year

Amount of Weekly Rent Payment:

(e.g. 500.00)

Day of the Week for Payment:

Address for Payment:

e.g. Street, City, Province, Postal Code

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Utilities

Are the utility payments the same as under the Master Lease?

Yes No

Specify which utilities and other charges the Subtenant is responsible for:

(e.g. electricity, natural gas, water, sewer, telephone, cable, condominium fees, recreation facilities, and laundry facilities)

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Damage Deposit

Is a damage deposit required?

Yes No

Amount of damage deposit:

(e.g. 500.00)

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Insurance

Is the Subtenant required to have insurance?

Yes Do Not Specify

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Frequently Asked Questions

What is the Master/Original Lease?

What is the Master/Original Lease?

The Master/Original Lease is the Lease that the Sublandlord (the original tenant) entered into with the Landlord. The Subtenant's interest in the propery cannot exceed the interest created by the original Lease.

Do I need to provide the Subtenant with a copy of the Master Lease?

Do I need to provide the Subtenant with a copy of the Master Lease?

Yes, the Subtenant is entitled to a copy of the Master Lease. The Sublandlord can include a copy of the Master Lease with the Sublease agreement, or can deliver a copy directly to the Subtenant.

What does "Automatic Renewal" mean?

What does "Automatic Renewal" mean?

Automatic Renewal means that the Lease continues indefinitely on the agreed upon interval (weekly, monthly, or yearly) until either the Subtenant or the Sublandlord gives notice to the other party that they will be terminating the Sublease Agreement.

Can I sublease a portion of the property rather than the entire property?

Can I sublease a portion of the property rather than the entire property?

Yes, you can sublease a part or all of the leased premises to the Subtenant.

What is a damage deposit?

What is a damage deposit?

A damage deposit is a sum of money paid by the Subtenant to the Sublandlord to guarantee that the Subtenant will not damage the property. The Sublandlord holds the damage deposit for the term of the Sublease Agreement to ensure that the Subtenant does not default on the terms of the Sublease Agreement or otherwise damage the property.

Should the Subtenant damage the property (normal "wear and tear" excluded), the Sublandlord is entitled to recover the debt from the damage deposit. Usually the Subtenant must provide the Sublandlord with the damage deposit at the start of the Sublease Agreement. At the end of the Sublease Agreement term, the Subtenant will receive the deposit back minus any deductions for repairs/restoration.

How much should the damage deposit be?

How much should the damage deposit be?

Damage deposits are usually equivalent to the value of one month's rent. The maximum amount is usually governed by the legislation in each jurisdiction.

Should the Subtenant have insurance?

Should the Subtenant have insurance?

It is strongly recommended that the property be insured. However, the Subtenant does not need to have his or her own insurance if the Sublandlord has obtained sufficient insurance to cover the Subtenant.