Sublease Addendum Term Sheet
List the points you and your landlord need to agree before signing a sublease addendum.
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Verbal permission is not enough for rental arbitrage. The landlord’s consent, and the conditions attached to it, belong in a written addendum to the lease. This tool turns your answers into a term sheet: the list of points to agree before anyone drafts the legal wording.
What the Term Sheet Covers
- Permission to rent the unit as furnished short-term or mid-term accommodation.
- Guest rules: maximum guests, minimum stay, quiet hours and no parties.
- Compliance: who gets permits, and who collects and pays occupancy taxes.
- Insurance and naming the landlord as additional insured.
- Damage, access, neighbors, and how the unit is returned at the end.
- Change in law: what happens if local rules stop short-term renting.
How to Use It
- Fill in the names, address, lease term and guest limits.
- Choose whether to allow mid-term stays, include a change-of-law exit, and offer a revenue share.
- Copy the term sheet and bring it to the landlord conversation, then to an attorney.
Pair it with the landlord pitch script generator for the first approach.
Frequently Asked Questions
- Is This a Legal Document?
- No. It is a list of points to agree, written in plain English. An attorney licensed in your state should draft or review the actual addendum.
- Why Include a Change-of-Law Clause?
- Short-term rental rules can change during a lease. Agreeing in advance what happens protects both sides.
- Should I Offer a Revenue Share?
- Some landlords are more comfortable with a share of revenue. It lowers your margin, so run the numbers first.
- What Liability Limit Should I Carry?
- Ask the landlord what they require and confirm with your insurer.