New York Sublease Agreement
The New York sublease agreement is a legal document enabling an existing tenant to lease their rented property to a new tenant, who in turn assumes the duty of monthly rental payments for the right to occupy the property. This agreement establishes the sublease duration, responsibilities of the new tenant, and applicable rules until the termination of the agreement.
Particularly in New York City, landlords are generally not allowed to prevent subleasing in privately-owned apartments without a valid reason. This makes the sublease agreement a pragmatic tool for tenants who may need to vacate their homes temporarily. However, despite the sublease, the original tenant retains their responsibilities under the original lease agreement. Hence, while providing flexibility for tenants, it’s important potential sublessees are properly screened prior to signing the agreement.