Updated June 03, 2022
A North Carolina sublease agreement is a binding rental contract between an individual currently under a tenancy (sub-lessor) and a new tenant (sub-lessee) who will sublet all or a space in the rental property. Subleases exercise the sub-lessor’s rights to share or have the sub-lessee completely occupy the premises for the stipulated amount of time. Under a sublet arrangement, the sub-lessee pays their rent to the sub-lessor and shall treat them as a landlord of sorts. In turn, the sub-lessor is responsible for paying the total rental costs directly to the property owner/manager per their prior agreement. Sub-lessors assume all liabilities for the sub-lessee in most cases. For instance, any damages or missed rent caused by the sub-lessee would hold the sub-lessor accountable as they consented to such a deal. Therefore, properly vetting prospective sub-tenants is highly suggested. All parties should read and comprehend a sublease before signing it into effect.
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