If you rent a residential or commercial property yet for some reason cannot or do not wish to continue living in or working from the rental unit in question, you can find someone else willing to take your place and document your arrangement with the help of a New Hampshire Sublease Agreement. This contract will transfer the tenancy to the third party, a person who wants to live in the house or apartment alone or with their family or an organization that plans to use the commercial space for business.
Whether your original lease contains the provision that allows the tenant to sublet the rental unit or you get the written permission of the landlord later on, it is necessary to ensure the property owner or manager knows about the upcoming changes. Traditionally, a sublease identifies the parties by their names and contact details, states the legal address of the real estate, defines the term of the lease, outlines how the landlord will receive the regular rent payments, and explains the financial arrangements regarding the utilities, improvements to the property, and maintenance of the residence or commercial estate.
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