A Draft Sublease Agreement is a legally binding contract that outlines the terms of a sublease between the original lessee (or “master lessee”) and the new tenant (or “sublessee”). In simple terms, this means that a lessor rents out part or all of their leased premises to another party. It’s important for both parties to be aware of their responsibilities under the agreement – for example, the master lessee is responsible for ensuring that the sublessee pays rent on time and doesn’t damage the property. In return, the sublessee can enjoy the benefits of having flexible lease terms without incurring any extra costs. Signing a draft sublease agreement is a great way to ensure everyone has a clear understanding of their rights and obligations.