All About the NYC Sublease Agreement
Keeping your rented apartment while being out of the city or state may be tricky. If you decide not to terminate your lease agreement before leaving, you still need to pay your monthly rent, which is a significant expense.
The good news is that you can turn to a sublease agreement to solve the problem. This legal document will save you loads of money on rent and keep the living space you like until you come back. If you want to find out how the New York City sublease agreement works and how to write this contract avoiding vague and generic online templates, this article is perfect for you!
What Is a Sublease Agreement?
A sublease agreement is a specific contract signed by:
- Sublessor—a tenant that already rents the particular accommodation and wants to sublet it to another person with the landlord’s permission
- Sublessee—a new tenant that will make payments instead of the sublessor and fully or partially take over their rental responsibilities while the lease agreement remains under the name of the original tenant
The contract provides the sublessee with a special right to use all the premises that the original tenant rents as long as they pay the rent.
The sublessor is responsible for collecting the rent, forwarding it to the landlord, and ensuring the utility bills are paid on time. The original tenant can choose whether they want to lease out only a part of the property or the entire space.
The agreement outlines the essential rental terms and conditions that will help both parties keep up with their sublease-related duties and obligations. These rules usually align with the original lease contract regulations.
Does the Tenant Need Landlord’s Permission To Sublet in New York City?
If you want to sublet your apartment, getting permission from the landlord is a must. According to the New York City laws, you should send a written request disclosing more details regarding the situation.
The landlord has ten days to request additional information, and they have to approve or deny your request within 30 days. If they fail to inform you about their decision, your request gets automatically approved. In case of a denial, they need to elaborate on the decision and give you a reasonable explanation.
You won’t be allowed to sublet the rented apartment if you:
- Live in public housing
- Reside in a rent-controlled building
- Receive Section 8 public assistance
Can I Write a New York City Sublease Agreement Myself?
Writing a sublease contract can be daunting because of the abundance of information and required sections you need to include. Making a single mistake or missing an important detail may result in an ambiguous and potentially harmful document. It’s essential to define all the terms through the following clauses:
Information | Details |
General agreement details |
|
Property |
|
Payment |
|
Terms and conditions |
|
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Are you interested in how sublease agreements work in California or Florida? We have handy guides to help you learn more.
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- Employment Loan Agreements
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