Rocket Lawyer notes that in order to write a legally binding sublease agreement contract, the original tenant needs to list the location of the residence, how long the sublease agreement lasts, rent and security deposit amounts, and all parties involved in the agreement. Sublease agreements are also known as residential sublease agreements, room rental agreements and sublet contracts.Continue Reading
If an individual needs to move out of his apartment while the lease is still active, he may decide to sublet, notes MassLegalHelp. If the original tenant doesn't plan on returning, the sublease becomes an assignment. The original tenant still remains legally responsible for the apartment even while it's being subleased, which is one reason why such an agreement can be risky.
An original tenant must check with his landlord before subleasing his unit since doing so while the lease is still active might be considered a breach of the lease contract, according to Rocket Lawyer. Even if the new tenant is a friend or a family member, it's still a good idea to create a legally binding sublease agreement contract so that all parties know who is responsible for what and so that no one has to go to court if the situation takes a turn for the worse.Learn more about Law
An addendum to a contract is an addition or change to the terms of an existing contract that is signed by all parties to the original agreement, according to The Law Dictionary. It describes any changes or modifications to a contract, while leaving it fully enforceable.Full Answer >
In order for a name to be removed from a cosigned loan, all parties would have to be in agreement and would have to speak directly with the loan company about rewriting the contract. Most lenders will not rewrite contracts and a refinancing of the loan is a more likely option, according to Experian.Full Answer >
A contract agreement must contain the signatures of the parties involved in the contract, as well as clearly stated language that is valid in a court of law in order to settle disputes. Contracts for services rendered require signatures, fees and locations, among other details, in order to be valid.Full Answer >
The purpose of an Affidavit or Residence form is to verify an person's residence when her child needs to change school districts, explains Rocket Lawyer. Verifying the death and residency of a deceased person to claim funds may also require an Affidavit of Residence.Full Answer >