Unlock the Power of Legally Binding eSignatures for Sublease Agreements

How to eSign a document: online signature licitness for Sublease Agreement

hi this is Joe from elas agreement.com and we are going to fill out a suas agreement and just a real quick uh Define what a sublease agreement is it's an agreement made between someone who's already renting property so just a typical tenant and they're looking to rerent the property to someone else um so when we get started the first blank is when does it begin on we'll just say January 1st 2013 and it ends December 31st 2013 uh this is where you write the original landlord so we'll just say that the original landlord is in a corporation called landlord Inc and uh the next blank is the subl lasur which is the person that is going to be that is renting the property right now and is going to be in a sense renting it so we'll just call him Joe renter and this is the person that's coming in new that's going to be renting from Joe renter so we'll just make his name Joe schma this is the street address of it be 90 Alton Road we'll just say which is our offices down in Miami in the State of Florida ZIP code 33139 and this is if the uh suc or leaves it all his uh Furnishings in there his couches everything then he's going to want to write that in here so that when the uh person moves out and if it's a lot of items just put it just say addendum one and uh then you can have a whole page where you want to write it in ra if it's more than just uh what can fit on one line uh these are just some restrictions if there are any restrictions in the properties uh say you know there's no smoking or whatever it may be you just write it that in here uh this is a section that talks about the parent agreement so uh the lease that's between the original landlord and the Tenant hasn't been discussed yet um and so this just says outlines so that the person that's renting the property the new renter knows of what the deal is so he knows when he uh has to be out so let's just say that their deal was from October 1st 2012 and it ended on October well that would make sense we'll say it ends on February so it's a long lease 1 2014 well make it easier we'll just make it a two-year lease and we'll say it was signed on September 15 2012 so then this way the the person that's going to be renting the property knows that when the end date is uh just for his own personal information rent the suy sh I'll pay we'll just say $800 payable to Joe renter remember he's going to be paying property to the tenant that's there right now say they're due on the 1 of every month uh beginning at the start of the lease which is January 1st 2013 and this is you write in the address if they're going to be sent somewhere or if say the tenant lives right down the street they can just say agree to me um or whatever it is that the person wants uh the pay how they want the rental payment given to them uh this is if the subc is going to be moving in earlier than the lease starts then they would write in say they're moving in 5 days early uh what you would do is you'd give them the keys let them move in but most of the time they would have to pay 5 days rent so you just get the rental amount divided by 30 and then times it by however many days that they moved in early so if it was five days then you just t uh make the new tenant pay five days worth of rent and then you just write in whatever that amount is here um these are the terms is there going to be a security deposit last month's rent rent is Advance this is usually if the new person has really bad credit you make him pay a couple months in advance make sure you're going to get your money uh pet deposit this is all at the person's discretion at Joe renter what he wants to do uh most of the time if he has a security deposit with the land original landlord he'll just basically make the uh new tenant pay around what he paid so that he's covered um this is when the uh new person after the lease is done how many days is he going to get his uh pay his deposits back most of the time it's 30 but it's can be whatever you want um if there is a if the new tenant is late how much of a late fee you can either charge a flat fee just say $25 or if the wants to charge a percentage uh most of the time it's around five but you you want to check with your state to make sure that you're not charging over the amount that you can legitimately charge without uh looking at breaking the law for charging something that's uh too high or whatnot uh this just says what the suc is responsible for most of the time the tenant the new person is responsible for their electricity and it's pretty much a toss up on the other ones mostly electricity cable internet most of the time water and Heat's covered by the landlord but every lease is different every property is different uh disclosures a lot of states have disclosures that they uh have to be notified of uh for example you have some states out in the midwest where if the property has ever been flooded in the past you have to let the new person know uh so that they can watch out for mold among other things so this is just uh just State disclosures that you have to uh just give to the new renter there any additional addendums say there's a parking situation or something that you just have to let the new person know you just spill it out and what the additional addendum is going to be and this is just legal jargon disclaimer tendency time all this stuff that really has no bearing um this is in some states you have to provide all this information which uh is Case by case I would just fill it in just because you want to be as legal as possible just in case anything happens um and going down here is any additional information and finally we're here at the sub the witness page and signing page where the subl luster will write their name suy will write their name the new renter and uh the lur usually has to sign off the the original landlord and that is how you fill out a sub lease agreement