Updated on January 12th, 2021
The Colorado sublease agreement clarifies the privileges and obligations of the sublessor and subtenant entering into a rental contract associated with real property. The paperwork breaks down the cost to be paid to the sublessor each month and sets forth provisions to define the responsibilities of the associated parties. A sublease commitment differs from a standard lease arrangement in that a current tenant of a dwelling seeks to grant residence to a subtenant for a fixed dollar amount. In return, the subtenant takes on the responsibility of the lease and can reside on the premises. A sublease must be approved and signed by the landlord of the property for it to be deemed a valid guarantee. The provided form has allocated space for landlord/owner endorsement and an accompanying statement of landlord understanding and acceptance.