Kentucky Sublease Agreement

If you`re a tenant in Kentucky who wants to sublet your rented property to a new tenant, a Kentucky sublease agreement is something you should consider. A sublease agreement is a legal contract that allows you, as the original tenant, to rent out your property to a subtenant, who will pay rent to you instead of the landlord.

A sublease agreement is a smart option for tenants who want to move out of their rental property before their lease term ends, or who want to share their living space and offset the cost of rent. However, before you sign a sublease agreement, there are some important things you should know.

Firstly, subleasing in Kentucky is legal but only if your lease agreement allows it. If your lease agreement prohibits subleasing, you`ll need to get permission from your landlord before you can sublet your rented property. Make sure you read your lease agreement carefully to ensure that it permits subleasing, and if it doesn`t, seek permission from your landlord.

Once you have permission from your landlord, it`s essential to draft a sublease agreement that outlines all of the legal details of your subleasing arrangement. A sublease agreement should include the following sections:

1. Introduction: This section should include the names of the sublessor (the original tenant), the sublessee (the new tenant), and the property address.

2. Term: This section should specify the duration of the sublease, including start and end dates.

3. Rent: This section should detail the rent amount the sublessee will pay and the date it’s due. It should also specify how payment will be made and any late fees or penalties for non-payment of rent.

4. Security deposit: This section should outline the amount of the security deposit the sublessee will have to pay and any conditions for its return.

5. Utilities and other expenses: This section should specify which utilities the sublessee will be responsible for paying, such as electricity, water, and gas. It should also outline any other expenses, such as parking fees or internet charges.

6. Termination: This section should outline the conditions under which the sublease can be terminated, such as failure to pay rent or damage to the property.

7. Signatures: This section should include the signatures of both the sublessor and sublessee, as well as the date of signing.

It`s important to note that a sublease agreement does not terminate the original lease agreement between you and your landlord. So, if your subtenant doesn`t pay rent or causes damage to the property, you`re still liable.

In conclusion, a Kentucky sublease agreement is a legal contract that can help you earn extra income and share your living space while you’re away. However, make sure to obtain permission from your landlord and draft a comprehensive sublease agreement that protects your interests.