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Nebraska Sublease Agreement

The Nebraska sublease agreement is a binding document separate from the lease that is used by a tenant to sublet all or a portion of the leased property to a third party, known as the “sublessee.” The document relays the rental price and cost of expenses the sublessee is required to pay, as well as any rules that they must follow. The tenant cannot draft such an agreement unless the master lease allows it, and in all cases, they’ll remain accountable for any breach caused by the sublessee during the term.

This type of arrangement is most commonly entered into to cover a period during which the tenant will be away from the property, or when they move out prior to the completion of the lease term. Once the sublease has been signed by both parties, it becomes legally binding until the contract’s termination date.