The South Dakota sublease agreement is a binding contract that authorizes a tenant to re-rent the property they lease to another person (known as the “sublessee” or “subtenant”). The contract spells out the subtenant’s rental obligations, including their monthly rent, utility payments, and the date by which they must vacate the premises.
Before signing a sublease agreement, the original tenant should review their lease to see if they need the landlord’s permission to sublet the property. The sublessor must be sure that the new tenant is reliable and capable of paying rent. If anything happens due to the subtenant’s actions, such as non-payment of rent or a lease violation, the sublessor will be liable to remedy the situation.