The Lease and Sublease Agreement is essential when a primary tenant wishes to rent out all or part of their leased property to another party while maintaining their original lease. This document type is particularly important in the United States where subleasing activities must comply with both federal and state-specific regulations. The agreement comprehensively covers the original lease terms while establishing additional terms for the sublease arrangement, including rent payments, security deposits, maintenance responsibilities, and insurance requirements. It's crucial for protecting the rights of all parties involved and ensuring clear communication of obligations and responsibilities.
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1. Parties: Identification of lessor, lessee, and sublessee including legal names and addresses
2. Background: Context of the lease arrangement and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Premises: Detailed description of the leased property
5. Term: Duration of lease and sublease, including commencement and termination dates
6. Rent and Payment Terms: Rental amount, payment schedule, and methods
7. Security Deposit: Amount, terms, and conditions for return
8. Use of Premises: Permitted uses and restrictions
9. Maintenance and Repairs: Responsibilities of each party
10. Insurance Requirements: Required coverage and responsibilities
1. Utilities and Services: Responsibility for utilities and services when not included in rent
2. Alterations and Improvements: Rules regarding modifications to the property when improvements might be needed or allowed
3. Parking: Parking rights and restrictions when property includes parking facilities
4. Pet Policy: Rules regarding pets on premises when pets are allowed or restricted
5. Assignment and Further Subletting: Rights to further assign or sublet when further subletting might be considered
1. Schedule A - Property Description: Detailed description of premises including floor plans
2. Schedule B - Inventory: List of fixtures, fittings, and furnishings included
3. Schedule C - Service Charges: Breakdown of any additional charges
4. Schedule D - House Rules: Building or property specific rules and regulations
5. Appendix 1 - Lead-Based Paint Disclosure: Required for properties built before 1978
6. Appendix 2 - Insurance Certificates: Copies of required insurance policies
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