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NORTH CAROLINA SUB-LEASE
(Entire Dwelling Unit Sub-lease of Lease Contract)
SUB-LEASE ofLease Contract by and between , hereinafter
called Sub-tenant(s) and , hereinafter called Tenant(s),and
________________________, as agent for owner , hereinafter called Landlord.
FOR GOOD CONSIDERATION, IT IS AGREED BY AND BETWEEN THE PARTIESTHAT:
1. TERM: Tenanthereby sublets, transfers and delivers to Sub-tenantallof Tenant’s rights in and to a certain Lease Contractbetween
Tenantand Landlord for certain premises known as
(Unit #) (Complex Name)
under Lease Contract
made as of the day of 200 .
Sub-tenant’s rightofpossession and the term of this Sublease Agreement shall begin on the day
of , 200 , and shall end at 10:00 am on the ___ day of ____ , 200 , but not including ______ , 200 .
2. MONTHLYRENT: Sub-tenantagrees toacceptsaid Lease Contract, pay all rents andpunctually perform all of Tenant’s obligations
under saidLease Contract accruing on andafter the date of delivery of possession to the Sub-tenantas contained herein. Sub-tenant
further agrees to indemnify and save harmless the Tenant from any breachofSub-tenant’s obligations hereunder.
3. POSSESSION: The parties acknowledge that Tenantshalldeliver possession of the leased premises to Sub-tenanton
the day of , 200 : TIME BEING OF THE ESSENCE. All rents and other charges accrued under the Lease
Contractprior to said date shall be fully paid by Tenant, and thereafter by Sub-tenant unless stated otherwise in this sublease form.
4. ADDITIONAL RENT: Prior to taking occupancy and possession of the dwelling unit,Sub-tenantagrees to pay an additional rent
of $ . This is in addition to Sub-tenant’s regular monthly rentas stated in (Article I, Section 4) of the Lease Contract and is
deemed earned upon execution of this Lease Contract. ADDITIONAL RENT IS NOTREFUNDABLEAND LANDLORDCAN USE IT
FOR WHATEVERHE WANTS,JUSTLIKETHE MONTHLYRENT
5. SUBLETTING AND GUESTS: Sub-tenant shall not assign,sublet, be released from or otherwise transfer his interest in this Sub-
lease Contract,or any part thereof, without the prior written consent ofLandlord. Such consent may be withheld in thesole and
absolute subjective discretion ofLandlord. For more details see “Assignment” (Article II,Section 4)ofLeaseContract. If Sub-tenant
desires to sublet,but is unable or unwilling to locate a suitable Sub-sub-tenant who is willing to pay theoriginal monthly rental amount
provided herein, Landlord may assist Sub-tenant in findinga Sub-sub-tenantatSub-tenant’s sole costand expense. However,
Landlord does not guarantee that one can or will be found, or that a suitable Sub-sub-tenant w
ill pay the full rental amount. Sub-tenant
authorizes Landlord to negotiate rental amounts with the Sub-sub-tenant. If a Sub-sub-tenant is found, Tenant will nevertheless
continue to be liable for the full rent as stated in the original Lease Contractand Sub-tenant will nevertheless continue to be liable for
the rent as stated in the Sub-lease Contract. Both Tenantand Sub-tenant remain responsible for all other lease obligations throughout
the remaining term of this Sub-lease Contract. Landlord will continue to hold Tenant’s andor sub-tenant’s security depositonaccount
regardless of whether or not Sub-sub-tenant is required to pay a security deposit. Sub-tenant’s security deposit will be used first and
then Tenant’s to cover anydamages, etc. done by the Sub-sub-tenant that remain unpaidandsub-tenant is liable for anydamages in
excess of any security deposits. To simplify monthly rental payments, Landlord reserves the right to accept rent payments directly from
rather than requiring Sub-tenant and/or Tenant to collect rent from the Sub-sub-tenantand then pay the required
rent to Landlord. Sub-tenantand Tenant is responsible for any default by the Sub-sub-tenant and for collecting any monies owed by
The dwelling unit shall be used for residential purposes only and occupants of the dwelling unit shall be limited to occupants.
Sub-tenantshall not allow or permit the dwelling unit to be occupied or used as a residence by any other person other than those
parties specified in this Sub-lease Contractor named as an authorized occupantas follows:
Names: If the dwelling is occupied
as a residence by other than the person(s) authorized, then Sub-tenant agrees to pay $_____.00 per day extra rent, per additional
person as stated in “Overnight & Long-Term Guests” (Article II, Section 41) and can be held in default of this Sub-lease Contract.
6. UTILITIES: THERE ARE NO UTILITIES INCLUDED IN THE SUB-TENANT(S) MONTHLY RENT (Article I, Section 2 ofLease
Contract)UNLESS it is stated elsewhere in this Sub-lease Contract or in the Lease Contract that it is partof.
7. SECURITYDEPOSIT: Sub-tenantagrees to pay Landlord a security deposit of $ and Landlord shall hold
this for Tenantas security during the term of this Sub-lease Contractor until Sub-tenant terminates occupancy. Said deposit may be
used for any of the purposesas are set forth in North CarolinaGeneral Statutes § 42-51. Landlord agrees to refund to Sub-tenant the
security deposit in full, less any damages or costs, within thirty (30) days after the termination of this Sub-lease Contract. This
Sub-lease Contract is made, delivered and accepted with the understanding thatshould damages,or costs for repairs exceed the
amount of the deposit, then and in that event Sub-tenant does hereby agree to pay such additional damages or costs within thirty (30)
days after vacating the dwelling unit.
Sub-tenant understands that,even though several Sub-tenants may havedivided the security deposit and/or prepaid rent
among them, the entire security deposit and/or any pre
paid rent can and will be held and may be used for any of the purposes set forth
in North Carolina General States § 42-51. After damages are assessed,Sub-tenant will receive whatever balance is owed to
Sub-tenant. Also,Sub-tenantunderstands that if there is any breakage ordamage during the course of Sub-tenant’s occupancy and
the item(s) need to be repaired, Sub-tenant is then responsible for the cost of repair or replacementat that time.
8. DEPOSITS: SUB-TENANT AGREES THAT LANDLORDHAS SUB-TENANT’SAUTHORIZATION TOPLACE
SECURITY DEPOSIT IN AN INTEREST BEARING ESCROW ACCOUNT WITH ALLINTEREST ACCRUINGFOR THE BENEFITOF
LANDLORDAND/OR HIS ASSIGNS AND MAY
WITHDRAWNBY LANDLORD AT ANYTIME. ALSOSUB-TENANT AGREES THAT
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