Utah Sublease Agreement | PDF – MS Word
A Utah sublease agreement is a real estate contract between a tenant who holds a lease agreement and someone else (Sublessee) seeking to occupy a part of or the entire space. This type of arrangement is popular in metro areas and around universities when a lessee goes home for a period of time or in roommate situations. The original tenant may have to check their master lease to make sure that subletting is allowed.
Even though the original tenant may be able to charge a higher rent than in their original agreement, leasing to a sublessee has many risks as the Sublessor is responsible for the Sublessee in the following ways:
- To vacate the property at the proper time – If Sublessee does not lease the premises, the original tenant is responsible for any possible evictions and the fees associated with it.
- Monthly payment – The tenant is expected to pay on the due date even if the Sublessee does not make payment.
- Property damage
- Term – The Sublease may not extend the period of the master agreement.
