A sublease agreement governs the transfer of a lease from one tenant to another while the binding terms of the original lease remain in place. The agreement between the landlord and the first lessee remains in force and governs the terms of the sublease. A customer may be asked to provide a copy of the sublease agreement in transactions involving leasing of land for a property to validate specific terms of the agreement.
The customer also may be asked to verify that the lease and all amendments are recorded in the appropriate land records.
In some cases, a memorandum of sublease may be recorded in lieu of the complete sublease.
Avoid delays in processing your application
For all documents you’re asked to provide:
- Make sure the copies you send are legible.
- Do not include documents that have been altered with correction fluid or by other means.
- Submit the entire requested document and include all pages (even blank ones).