Iowa Sublease Agreement Template

License / Price: Free
Version: Adobe PDF
File size: 65 KB
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The Iowa sublease agreement works to reduce the financial burden of a tenant by renting a portion or all of the rental space to another individual (called the “sublessee” or “subtenant”). It works by having the current tenant of a property (called “the sublessor”), agree to rent either the partial or entire space to another individual, the sublessee. Both parties can be living together as roommates sharing the same utilities depending on how the agreement is structured. However, the responsibility of the new tenant rests fully on the sublessor, not the landlord. If the sublessee damages the property, fails to pay rent or needs to be evicted, the sublessor is required to deal with the charges and damages, not the landlord.

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