A New Hampshire sublease agreement allows for a tenant to rent out their leased property to a third party temporarily or until the end of their lease term. In most cases, the sublease is used to cover a period during which the tenant will be absent. The original tenant (the “sublessor”) remains responsible for paying monthly rent to the landlord as well as any utilities that are in their name. Additionally, they will be accountable for the tenancy during the sublessee’s occupation, which means that they can face legal action if the sublessee breaches the terms of the original lease.
The sublease must be drafted in accordance with the master lease, which often states that the landlord’s permission is required in order to sublet. Once the sublease agreement has been signed by both parties, it is legally binding until the term expiration date.