New Mexico Sublease Agreement
The New Mexico Sublease Agreement is a formal contract between a tenant and another individual, known as the sublessee (or subtenant), to temporarily occupy a part of, or the entirety of, a rental. Essentially, the document establishes the tenant as a “landlord” to the sublessee – that is, the sublessee will be required to make all payments to the original tenant. Additionally, the sublessee will be mandated to comply with all agreed-upon rules and conditions written in the sublease agreement. The form can be a “lifesaver” for tenants, but it’s imperative they remember that they are entirely responsible for the binding conditions that were agreed on in the original lease.