Updated on June 28th, 2021
A North Carolina sublease agreement is used by tenants with residential leases to rent out their leased property to a third party (the “sublessee”). In most cases, tenants will sublease their premises during periods of absence to cover rent costs. The sublease will usually include the tenant’s furniture and appliances with the rental. Because they are still held to the master lease, the sublessor (original tenant) will need to collect rent from the sublessee in order to pay the landlord the balance owed. In the event that the terms of the original lease are broken by the sublessee, the tenant (the “sublessor”) may be held legally accountable.