Updated on January 13th, 2021
The South Dakota sublease agreement is pertinent to tenants who would like to sublet the property that they are currently involved with to a third party. Common with individuals who desire to relocate without breaking a lease, this documentation is vital when transferring property rights to a subtenant. In order to achieve this, the primary tenant must receive written permission from the landlord who controls the premises. Once the tenant has found a reliable subtenant, they should fill in the document with the previously agreed-upon terms to prove the existence of the arrangement. After this phase, users should sign within the indicated areas as an acknowledgment of a binding contract. These terms will include the length of time the subtenant will reside within the property, their payment responsibilities, and the rules & regulations of the property’s use.