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The Fair Underlease Agreement under UK law is a legal template that outlines the terms and conditions between a landlord and a tenant for the subletting of a property in the United Kingdom. This agreement ensures that both parties adhere to the established laws and regulations surrounding underleases, and aims to provide fair and mutually beneficial terms for both the landlord and the tenant. The template covers essential aspects such as the duration of the underlease, rent amount, payment schedule, maintenance responsibilities, the tenant's rights and obligations, as well as any specific conditions agreed upon by both parties. It also includes provisions for dispute resolution and termination of the underlease agreement. This Fair Underlease Agreement template serves as a comprehensive and legally binding document that provides clarity, protection, and fairness for both the landlord and the tenant in the subletting process.