Rentals are more common in commercial real estate than in residential real estate. However, instead of prematurely evacuating a rental unit by terminating the lease without legal cause and paying a penalty, a sublease may be a good idea. This is an effective way for the existing tenant to get another party to pay the rent that remains on the tenancy agreement. A subletting can be a good alternative if the owner agrees. The Lord`s Code of West Virginia contains no mention of subletting real estate. This means that the original tenant is responsible for the initial rental conditions. Get written permission from the landlord or property manager before signing a sublease agreement with a subtenant. This is the best way to protect your interests and get goodwill with your landlord. This agreement provides for the sub-distribution of real estate under the following conditions. The subtenant accepts the subletting and the tenant agrees to take over the premises described below.
Both parties agree to respect the commitments, conditions and agreements, as expressed below, 1. SUBLESSOR: The subcontractor is: 2. SUBTENANT: The tenant is: 3. PREMISES: The location of the premises is: 4 TERM: The term of this sublease is – Lease and sublease contracts govern these relationships and all sublease conditions. The only law that affects this area in the state of Virginia is that if the original lease authorizes subletting and the lessor must approve the new tenant, the landlord must respond to the original tenant`s request after a sublease permit within 10 days of the application. The consent of the subtenant`s landlord should not be retained inconsistently; however, a lessor may have financial and other requirements before granting authorization. Your initial lease may contain a clause that prohibits you from sublet the property. Even if this is not the case, it is a good idea to get your owner`s agreement in writing in order to protect all parties. You may be able to convince your landlord to allow it – subletting is a common practice, and the main purpose is to help you continue to pay rent to your landlord if you have to move temporarily. 14. APPLICABLE LAW. This agreement is governed, interpreted and interpreted by the laws of the Commonwealth of Virginia through and in accordance with the laws of the Commonwealth of Virginia.
15. CONSTRUCTION: The words “unterlessor” and “subtenants,” as used, include the plural and the singular. Pronouns are, if any, sex or both, singular and plural. 16. PARENTAL GARANTIE/GUARDIAN: If the subtenant is under the age of 18, his legal guardian or parent guarantees and agrees to respect all the conditions, pacts and conditions of this subletting by signing.