Document background
The Standard Form Of Cooperative Apartment Sublease is a specialized legal document designed for use in Canadian cooperative housing arrangements when a tenant-shareholder wishes to temporarily sublease their apartment unit. This document becomes necessary when the original tenant-shareholder needs to sublease their unit while maintaining their shares in the cooperative corporation. The agreement carefully balances the rights and obligations of the sublessor, sublessee, and cooperative corporation, ensuring compliance with both provincial residential tenancy laws and cooperative bylaws. It includes essential provisions for rent payment, maintenance responsibilities, compliance with cooperative rules, and termination conditions. The document is particularly important as cooperative housing has unique ownership structures different from traditional rental or condominium arrangements, requiring specific provisions to protect all parties' interests while maintaining the cooperative community's integrity.
