Updated June 03, 2022
A Delaware sublease agreement is a legally binding document in which a sub-lessor and sub-lessee arrange for a sublet living situation. Doing so involves an individual currently renting a residential property (sub-lessor), in turn, sub-leasing said property to another tenant (sub-lessee). Such a rental agreement will come with a fair share of responsibility for the sub-lessor. After all, the sub-lessor shall assume the duties of a landlord of that property as it relates to the sub-lessee. The sub-lessor, however, is not released from their tenant obligations to the property owner per their original (master) lease agreement. If the sub-lessee damages the property or is late on rent, the property owner will expect the sub-lessor to rectify the situation. The benefit in this situation for the sub-lessor resides in the financial relief an accountable sub-lessee provides. As for the sub-lessee, the benefit lies in being able to maintain a residence on a property they may not necessarily be qualified for otherwise.
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