If you are looking for a sublet agreement sample in India, you are in the right place. A sublet agreement is a legal document that allows a tenant to rent out their rented property to another person, known as the subtenant. It is an excellent option for tenants who need to leave the property for a short period or want to reduce their rent cost.
Subletting has become quite common in India, especially in cities like Mumbai, Delhi, and Bangalore, where people often move for work or studies. However, it is essential to have a sublet agreement in place to avoid any legal complications. Here is a sublet agreement sample that you can use as a reference while drafting your agreement:
This Sublet Agreement (“Agreement”) is made on the _____ day of _________________, [year], between ___________________ (“Sublandlord”), and _______________________ (“Subtenant”).
Sublandlord is the tenant of a property located at _____________________ (the “Property”), which is subject to a lease agreement with the landlord. Sublandlord desires to sublet the Property to Subtenant, and Subtenant desires to sublet the Property from Sublandlord on the terms and conditions set forth in this Agreement.
1. Term. The sublease term will commence on ________________ and end on _________________.
2. Rent. Subtenant agrees to pay rent in the amount of ___________________ per month for the sublease term. Rent is due on or before the ______________ day of each month.
3. Security Deposit. Subtenant shall pay a security deposit of _______________ to Sublandlord to be held against unpaid rent, damages to the Property, or any other default of Subtenant under this Agreement.
4. Use of Property. Subtenant shall use the Property solely for residential purposes, and shall not use the Property for any unlawful purposes or activities.
5. Maintenance and Repair. Subtenant shall keep the Property in good and clean condition, and shall promptly notify Sublandlord of any damages or repairs needed.
6. Prohibited Activities. Subtenant shall not make any alterations to the Property, nor shall Subtenant engage in any activity that may be hazardous, illegal, or disturbing to other tenants.
7. Termination. This Agreement may be terminated by either party upon ____________ days written notice. Subtenant shall vacate the Property on the termination date.
8. Governing Law. This Agreement shall be governed by the laws of India, and any dispute arising out of or related to this Agreement shall be settled by arbitration in ________________.
9. Entire Agreement. This Agreement constitutes the entire agreement between Sublandlord and Subtenant and supersedes all prior agreements, negotiations, or understandings.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
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