A subletting clause in lease agreement in India allows the tenant to rent out the leased property to a third party, known as a subtenant. The tenant must get written permission from the landlord before subletting the property. It describes the subletting terms and circumstances. Let me share more details here.
Sublease Clause in Lease Agreement
A sublet agreement is a formal contract in which the original lessee leases the leased property to a subtenant for a predetermined amount of time.
The initial lease with the property owner remains in effect in this scenario, but the tenant takes on the role of "landlord" for the subtenant. Here are the key points typically included in a subletting clause:
The original tenant remains responsible for all lease obligations, including rent payments and property maintenance.
The subtenant must adhere to the terms of the original lease agreement and any additional terms specified by the landlord.
The landlord may approve or reject the proposed subtenant based on certain criteria.
The duration of the sublease should be clearly defined and should not exceed the remaining term of the original lease.
The original tenant may be required to collect a security deposit from the subtenant and ensure it is held under the lease terms.
Conditions under which the sublease can end, including notice periods and any penalties.
I hope you understand the lease agreement with sublease clause.
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What is a Subletting Clause in Lease Agreement?
Aahil
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2024-12-27T18:06:11+00:00 2024-12-28T18:16:00+00:00Comment
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