NRI Sub-Lease Agreement Template
A ready-to-use sub-lease agreement for NRI property owners leasing to Airbnb hosts in India. Drafted for Indian jurisdiction. Free to download.
What's included
- Party details — NRI Owner, Sub-lessee (Airbnb Host), and Property address
- Sub-lease term — start date, duration, and renewal clause
- Monthly sub-lease rent and payment schedule
- Security deposit amount and refund conditions
- Permitted use — short-term Airbnb hosting only
- Maintenance responsibilities of each party
- Guest conduct clause and host liability
- Insurance obligations
- Termination conditions and notice period
- Governing law — jurisdiction clause for NRI owners
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Frequently Asked Questions
Is sub-leasing legal in India?
Sub-leasing is legal in India provided the original lease agreement permits it. NRI owners should ensure the sub-lease clause is explicitly included in their agreement. Some states may require registration of sub-lease agreements above a certain tenure.
Do I need to register the sub-lease agreement?
Agreements for 11 months or less typically don't require registration in most Indian states. For longer terms, registration at the local sub-registrar office is advisable. Stamp duty varies by state.
Who pays the security deposit taxes?
Security deposits are generally not taxable as income. However, interest earned on the deposit (if kept in an interest-bearing account) is taxable. Your tenant (Airbnb host) is liable for TDS at 31.2% on the monthly rent.