About this Form: A sublease agreement is a legal contract between a tenant (known as the "sublessor") and a new tenant (known as the "subtenant") that authorizes the subtenant to rent a property from the sublessor for a specified period.

What are the benefits of using a sublease agreement?

✔ Provide flexibility: A sublease can provide flexibility for tenants looking for a shorter-term rental option. For example, a sublease agreement can be a great solution if someone is in between jobs or only needs a place to live for a few months.

✔ Offset Costs: A sublease can also provide a financial benefit for the tenant. Subleasing a property can help offset the rent cost and can be an excellent way to make extra money while on an extended work assignment or traveling.

✔ Fill Vacancies: A sublease can benefit landlords seeking to fill a vacancy in their property. By permitting a tenant to sublet the property, the landlord can ensure that the property is occupied and producing income, even though the original tenant cannot continue paying rent.