When Arpita Gupta, a clinical psychologist, came to New Delhi for her research, she could not find an apartment in and around Delhi, where she could only stay a few months to finish her field work. The few landlords who were willing to rent their apartments for a few months asked them for either a high deposit or an exorbitant rent. To no avail, she contacted her family friends in the city, who helped her by subletting her own apartment. With nominal rental value, Gupta now shares a room with the family in the 1,600 sqm three-room apartment, as well as all supports including food, washing clothes and other necessities. The direct benefit is rental income. For those who do not live with families, subletting helps them earn a living and also offers them the company. Take, for example, Amit Gupta, who rents her home to two other professionals in Noida. “I had a good company of people and I could also reduce the rent burden,” he says. Gupta had an agreement in which he paid 12,000 Rs. per month to the owner and he calculated 7,500 Rs by his roommates, earning 3,000 Rs per month. This sublease is mandatory for both parties after the owner`s agreement in accordance with this sublease agreement.
By their signatures below, the parties attach themselves to this sublease agreement with the signature of the lessor below. What is a sublease contract? A sublease contract is a legal contract between two or more known subtenants and subtenants, including all the details of the agreement, such as the duration of the sublease and the associated costs. The rental property is located in: [ADDRESS] (the “spaces”) NOW THIS OF WITNESSETH, which, in accordance with the aforementioned agreement and taking into account the rental, has been reserved by this and the following conditions, provided that the sub-owner does. Sub. Sub. the subtenant the part of the land described in the second calendar, which is joined on the plane and by the rebellious line (and the part of the land described below in the first calendar). , referred to as the “under-demerit country”, and on the use of the subtenant for all arrears of the non-outdated duration granted by that rental price, less than three months, but subject to the previous provision of this provision, provided below and the basic monthly rent of the… free and free of any deduction and strictly in advance on the 5th day of each month from the 5th day of the month… the next day and thereafter on the 5th day of each following month while the lease continues. I authorize you to sublet the premises under this sublease agreement.