Wisconsin Sublease of Residential Property

• Category: Landlord Tenant - Residential Leases - Subleases
• State: Multi-State
• Control #: US-0029BG
• Format: Word; Rich Text

Description

A sublease is a transfer to a third person (the sublessee) of less than the lessee's entire interest. Sublet means to lease or rent all or part of a leased or rented property. A subtenant is someone who has the right to use and occupy rental property leased by a tenant from a landlord. A subtenant has responsibilities to both the landlord and the tenant. A tenant must often get the consent of the landlord before subletting rental property to a subtenant. The tenant still remains responsible for the payment of rent to the landlord and any damages to the property caused by the subtenant.

A Wisconsin Sublease of Residential Property refers to a legal agreement between a tenant and a subtenant for the rental of a residential property. This agreement allows the tenant (the original lessee) to sublease all or a portion of the property to another person known as the subtenant. In Wisconsin, a sublease agreement should include certain key details such as the names and contact information of the tenant and subtenant, the address of the property being subleased, the start and end dates of the sublease, and the amount of rent to be paid. It should also include the responsibilities and obligations of the subtenant, including adhering to the terms and conditions of the original lease agreement. One type of Wisconsin Sublease of Residential Property is a Fixed-Term Sublease Agreement. This type of sublease has a specific start and end date, which coincides with the duration of the original lease agreement. Another type is a Month-to-Month Sublease Agreement, which allows for a more flexible arrangement, with the sublease automatically renewing on a monthly basis unless terminated by either party. It is important to note that the original tenant remains responsible for fulfilling the obligations stated in the original lease agreement with the landlord, regardless of the sublease. This means that if the subtenant fails to fulfill their responsibilities, such as paying rent or causing damages, the original tenant may still be held accountable. In order to execute a Wisconsin Sublease of Residential Property, the tenant is typically required to seek permission from the landlord before subleasing the property. This often involves submitting a written request to the landlord, providing information about the proposed subtenant, and obtaining the landlord's approval in writing. Overall, a Wisconsin Sublease of Residential Property allows tenants to find temporary replacements for their rental units while retaining their original lease. It provides a way for tenants to meet financial obligations and maintain the lease agreement, especially in situations where they may need to be away for a certain period of time or wish to share the rental expenses with another person.