Fill and Sign the Sublease Property Agreement Form

Sublease of Residential PropertyPage 1 of 4 Sublease of Residential Property Sublease Agreement made on the day of , 20 , between of , (Name of Sublessor) (Street Address) referred to herein as Sublessor; and (City, County, State, Zip Code) of , (Name of Sublessee) (Street Address, City, County, State, Zip Code) referred to herein as Sublessee. Whereas, Sublessor currently leases certain residential real property from the , the owner of the premises, of (Name of Owner) , (Street Address, City, County, State, Zip Code) Whereas, the leased premises (the Premises) are located at , (Street Address) , (City, County, State, Zip Code) Whereas, Sublessor desires to sublease to Sublessee, and Sublessee desires to sublease from Sublessor, the Premises, Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: I. Term. The term of this Sublease shall begin on and end on (Date) . (Date) II. Rent. Sublessee agrees to pay a total amount of $ as rent for the Sublease term; this amount shall be paid to Sublessor at Sublessor's address provided at the top of this agreement, by the day of each month. The first payment is due on . (Date) III. Late Fees. A late fee of $ , (not to exceed % of the monthly rent), shall be added and due for any payment of rent made after the of the month. Any dishonored check shall be treated as unpaid rent, and subject to an additional fee of $ . Sublease of Residential PropertyPage 2 of 4 IV. Security Deposit. Sublessor acknowledges receipt of $ as a security deposit. At the end of this Sublease, Sublessor may withhold all or part of the security deposi t to pay for any actual damages for which Sublessee is responsible, less ordinary wear and tear. Sublessor may also use any portion of the security deposit to pay any unpaid bills that a re the responsibility of Sublessee. V. Possession. Sublessee shall move into the Premises on and shall (Date) vacate the Premises (including the removal of all of Sublessee's personal property) by . (Date) VI. Breach. If Sublessee fails to vacate the Premises by the agreed date, Sublessee shall be responsible for any costs or fees, including attorneys' fees, associated with this breach. Such costs and fees shall include but not be limited to any hotel bills and food bills Sublessor may sustain while Sublessee is wrongfully occupying the Premises and the costs for any storage or removal of personal property left on the Premises. VII. Receipt of Copy. Sublessee acknowledges receipt of a copy of the Lease for the Premises and a copy of any rules and regulations governing behavior on the Premises. Sublessee agrees that all terms and conditions of these documents are incorporated in and made a part of this Sublease and that Sublessee shall obey all terms and conditions in these docume nts while living at the Premises. Any failure by Sublessee to abide by the Lease, Sublease, or rules and regulations shall constitute a violation of this Agreement and shall be considered grounds for eviction and further legal action by Sublessor. VIII. List of Damages. Within days after beginning to occupy the Premises, Sublessee shall provide a written list of any existing damages on the Premises (for which Sublessee is not responsible) to Sublessor by sending it by certified mail to Sublessor's address at the top of this Agreement. If Sublessee fails to provide this written list of damages, Suble ssor may assume that Sublessee agrees that no damages exist on the Premises and that any damages found on the Premises at the end of this subtenancy may be charged to Sublessee and deduct ed from the security deposit. IX. Absence. Sublessee shall notify Sublessor, in writing, prior to Sublessee's absence from the Premises for a duration of or more days. X. Yard Maintenance. Sublessee shall maintain the yard, if that is a condition of the incorporated Lease Agreement. XI. Alterations. Except as provided in the terms and conditions of the Lease and the rules and regulations, Sublessee shall make no permanent alterations to the Premises. XII. Quiet Enjoyment. Sublessee has the right to quietly enjoy the Premises, but not to use the Premises for any other purpose besides human habitation. Sublessor or owner may enter the Premises immediately in cases of emergency (such as flood, fire, etc.). In all other circumstances, Sublessor agrees not to enter the Premises during the term of the Sublease Sublease of Residential PropertyPage 3 of 4 without obtaining the prior consent of Sublessee. Sublessee agrees not to withhold consent unreasonably. XIII. Changes. Any changes in this Sublease, in order to be enforceable, must be written and signed by all parties to this Agreement. Such changes may be marked on this Sublease or in another document that contains the original signatures of all parties to this Sublease. XIV. Renter’s Insurance. Sublessee agrees to obtain a renter's insurance policy before assuming possession of the Premises. Sublessee warrants that Sublessee is insured by the following insurer and policy: . (Name of Insurer and Description of Policy) XV. Severability. The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is hel d to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of t he invalid provision. XVI. No Waiver. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. XV. Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of . (Name of State) XVI. Notices. Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by c ertified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. XVII. Attorney’s Fees. In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees. XVIII. Mandatory Arbitration. Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governe d by the rules of the American Arbitration Association then in force and effect. XIX. Entire Agreement. This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. Sublease of Residential PropertyPage 4 of 4 XX. Modification of Agreement. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding onl y if placed in writing and signed by each party or an authorized representative of each party. XXI. Assignment of Rights. The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. XXII. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constit ute but one and the same instrument. XXIII. Compliance with Laws. In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties. WITNESS our signatures as of the day and date first above stated. (Signature of Sublessor) (Signature of Sublessee) (Printed Name of Sublessor) (Printed Name of Sublessee)