Sublease Agreement

Arkansas Sublease Agreement pdf Arkansas Sublease Agreement

Right to Sublet

Tenants can sublet unless their lease says otherwise. Breaking lease terms could lead to eviction or penalties. [1]

If the lease doesn’t mention subletting, talk to the landlord. If permission is needed, use a Landlord Consent Form.

Short-Term Lodgings Tax

Rentals with lease term of 30 days or less (including subleases) are taxed at the state, county, and city levels if within city limits. The state of Arkansas collects these taxes.  [2]

Taxes on short-term rentals:

  • 6.5% state sales tax [3]
  • 2% state tourism tax [4]
  • County sales tax (varies)
  • City sales tax (varies)
  • Additional local hotel/tourism taxes may apply

Some cities may also require a short-term rental (STR) business license through the city clerk.

Sources

  1. Arkansas Code Title 18. Property § 18-17-701(a)(1)
  2. Arkansas Code Title 26. Taxation § 26-63-301(b)
  3. Arkansas Department of Finance and Administration
  4. AR Code § 26-63-402 (2020)

Sample Arkansas Sublease Agreement

Arizona Sublease Agreement 1 pdf Arizona Sublease Agreement Template

Right to Sublet

Arizona law doesn’t set rules for subleasing, therefore lease agreements should include the subletting terms. If the terms are unclear, use a Landlord Consent Form in order to get permission from the Landlord.

Short-Term Lodgings Tax

Short-term rentals (30 days or less) are taxed by the state, county, and city. [1]

Arizona short-term rental taxes:

  • 5.6% state sales (TPT) tax
  • County TPT
  • City TPT and hotel tax (within city limits) [2]

Sources

  1. Arizona Department of Revenue
  2. Arizona Transaction Privilege Tax Rate Tables

Sample Arizona Sublease Agreement Template

Alaska Sublease Agreement 1 pdf Alaska Sublease Rental Lease Agreement Template

Right to Sublet

Tenants cannot sublet or transfer their lease without the landlord’s written consent. [1]

Prospective sub-tenants must submit a signed written offer, including the information below, to the landlord. [2]

  • Name, age, and address
  • Marital status
  • Job details and employer’s contact info
  • List of other occupants
  • Two credit references or financial guarantors
  • Rental history for the past three years

The landlord can reject a sub-tenant only for legal reasons under Title 34, Alaska law. [3]

Short-Term Rental Tax

Alaska has no state sales or lodging tax. Local cities and boroughs set their own short-term rental taxes for stays under 30 or 31 days.

Sample Alaska Sublease Agreement

Sources

  1. Alaska Statutes Title 34. Property § 34.03.060(a)
  2. Alaska Statutes Title 34. Property § 34.03.060(c)
  3. Alaska Statutes Title 34. Property § 34.03.060(d)
Sublease Agreement pdf Sublease Agreement Templates PDF | Word

A sublease agreement is a legal contract between you (the original tenant) and someone else (the subtenant) who wants to rent all or part of your rented space.

By State 

How to Sublet (7) Steps

Subletting a unit requires the following steps:

    1. Review Oginional Lease Agreement
    2. Set Monthly Rent Amount
    3. Market the Rental Unit
    4. Show the Property and Screen Tenants
    5. Screen the Subtenant
    6. Add Attachments
    7. Sign the Sublet Agreement

1. Review Original Lease Agreement

Check if the original lease allows for subletting unit. The Landlord Consent Form proves the Landlord allows the rental property to be submitted.

2. Set Monthly Rent Amount ($)

Rental Comps – Base the monthly rent on the current rental amounts for similar rentals in the area (similar to sales comps compare property values).

Find Rental Market Comparables

3. Market the Rental Unit

Market Rental Property Online – Find the right fit by posting on reputable social platforms.

Where to Advertise a Room for Rent (5)

  1. Craigslist.com
  2. Facebook Marketplace 
  3. SpareRoom
  4. Roomster
  5. StreetEasy (NYC only)

4. Show the Property and Screen Tenants

Potential Tenants will most likely want to see the rental unit prior to signing the lease. To save time, screen the Tenants prior to showing them the property by asking some basic questions such as:

  • When is the ideal move-in date?
  • How many tenants and/or occupants will be renting?
  • What lease term are you looking for (How long do they plan to stay in unit)?
  • Are they currently employed (Make sure they can pay the monthly rent amount)?
  • Do they have pets (May be required to pay additional pet deposit fee)?

5. Screen the Subtenant

  • Rental Application – A form that lets landlords check a potential tenant’s job status and other needed information.

6. Add Any Required Disclosure Attachments

State:

Check local State requirements where the rental unit is located and make sure to give new Tenants any required disclosure forms.

Federal:

Lead-Based Paint Disclosure Form and EPA Brochure – For rental units build before 1978.

7. All Parties Sign the Sublet Agreement

The Sublease Agreement must be signed by all parties involved. For a sublet to be valid, the original landlord usually has to sign the sublease agreement.

Frequently Asked Questions (FAQs)

Q. What does Sublet Mean in a Contract?

Answer (investopedia.com): When a Tenant rents out a part or all of a rental property to another Tenant for a short period, it’s called subleasing or subletting. You need a sublease contract if you want to sublease your room or unit. This contract is a written agreement that acts as a lease within the main lease.

Q. Does Subletting Hurt Your Credit?

Answer (americanexpress.com): It depends on how your property management company reports information, it may appear on your credit report. It’s good to be aware of the conditions in your lease agreement. Leaving your studio without giving advance notice, finding someone else to take over your lease, or making similar arrangements could impact your credit history.

Sample Sublease Agreement Template