Delaware Sub-lease Agreement
Extremely popular with college students and individuals that desire a cheaper form of housing, the Delaware Sub-lease Agreement can help you designate your worries to more meaningful things in life – not your monthly rental costs. Typically a sub-lease agreement consists of the current tenant of a property, called the sub-lessor, sub-leasing out the currently rented property to another individual (for an agreed-upon amount), now called the sub-lessee. Although not completely necessary, the sub-lessor should inform the landlord that there are additional inhabitants to the property.
The sub-lessor should be aware of the possible downsides to sub-leasing the property to additional individual(s).
- Any and all damage to the property conducted during the sub-lessee’s stay, is charged to the sub-lessor, regardless of who caused the damage.
- If an eviction comes about, all charges are directed to the sub-lessor.
- If the sub-lessee skips/denies a payment, the sub-lessor is required to pay the monthly rent in full.
All sub-tenants must be given the following disclosure documents just as a regular landlord-tenant relationship;