The Master Tenant Subtenant Agreement is essential when a primary tenant wishes to lease all or part of their rented property to another party. This document is commonly used in both residential and commercial contexts across the United States, where subleasing is permitted by the original lease agreement. It serves to protect all parties' interests by clearly defining responsibilities, payment terms, and compliance requirements with the master lease. The agreement must conform to both federal housing laws and specific state landlord-tenant regulations, while ensuring the subtenant's obligations don't conflict with the master tenant's obligations to the property owner.
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1. Parties: Identification of Master Tenant and Subtenant with full legal names and addresses
2. Background: Context of the agreement, including reference to the master lease and property details
3. Definitions: Key terms used throughout the agreement including Property, Master Lease, Term, Rent
4. Grant of Sublease: Formal statement of sublease grant and premises description
5. Term: Duration of sublease, commencement and end dates
6. Rent and Other Charges: Payment terms, amounts, due dates, and additional charges
7. Security Deposit: Amount, terms of holding and return conditions
8. Use of Premises: Permitted use and restrictions
9. Maintenance and Repairs: Responsibilities of each party for upkeep
10. Default and Remedies: Events of default and available remedies
1. Utilities and Services: Responsibility for utilities if not included in rent
2. Alterations: Rights and restrictions regarding modifications to premises
3. Insurance Requirements: Specific insurance obligations of subtenant
4. Assignment and Further Subletting: Rights to assign or further sublet
1. Schedule A - Property Description: Detailed description of subleased premises
2. Schedule B - Master Lease: Copy of master lease agreement
3. Schedule C - Inventory: List of furniture/equipment if included
4. Schedule D - House Rules: Building or property specific rules and regulations
5. Schedule E - Condition Report: Documentation of premises condition at commencement
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