If your lease does not explicitly state whether or not you can sublet, you can obtain consent from your landlord or property manager. This document proves that you have the owner`s permission to sublet the space. You must ensure that you obtain this authorization, otherwise you risk violating your lease and risking termination. Your landlord may also have opinions about the types of businesses that can move in. Once the sublease is signed, the current tenant must return the space at the beginning of the lease. The subtenant receives access to the premises after payment of the deposit and the first month`s rent. Below are two (2) examples of templates that can be used to create a commercial sublease. A commercial sublet is the agreement between the subtenant and the sub-owner (the original tenant) and contains information about both parties, the initial lease, the owner`s consent, financial liabilities (such as security deposit, utilities, and insurance) and any other additional terms of the lease that the parties deem relevant. Landlord: The landlord is the person who owns or manages the property, who offered the property for rent and who signed a lease with the tenant. The landlord must give the tenant permission to sublet the space.
There are many other things to consider that go beyond the basic points contained in a commercial sublease. Often, certain parts of the space are shared, so you`ll want to add a lot of details that will help all tenants get along with each other and do business smoothly. These topics may not need to be in the actual lease, but need to be agreed. In addition, some of these elements may be in the original lease, so you need to make sure that your subtenant does not make you violate the original lease. This sublease agreement is concluded between the tenant _______________________________________________________________________________________Premises_ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________The tenant and owner ________ A copy of the master lease is attached to this sublease.1. TERM:This sublease period begins on ____ and ends on ____ The extension option is as follows (select one)[] The subtenant has the option to extend this sublease for an extended period of _____ months. If the subtenant decides to extend the sublease, they must send the tenant written notice ___ days before the end of the initial sublease period. If the sublease is extended, it will bear the same terms, conditions and provisions as those contained in this commercial sublease agreement. [ ] The subtenant does not have the option to extend this sublease.2. RENT: The subtenant agrees to pay the tenant an amount of __ $ no later than the ____ day of each month __ If the rent due is not paid before the ____ day of the month, the tenant agrees to pay a late fee of __ $ plus an additional late fee of ____ $ per day until the rent is paid in full.3. DEPOSIT: The subtenant must deposit an amount of $___, which must be kept by the tenant as a deposit.
The tenant has the right to make deductions from this deposit for all payments due and to compensate for any breach of this commercial sublease agreement by the subtenant. Upon termination of this sublease agreement, the tenant must reimburse the subtenant the remaining amount of this deposit.4. MAIN LEASE: The subtenant is subject to all the terms of the main lease, with the exception of the terms of the main lease, which are directly refuted by this sublease agreement. In such a case, the terms of this sublease agreement prevail over the lease. In principal, the subtenant undertakes to fully and in a timely manner fulfill all the obligations and obligations of the tenant under the framework lease. The subtenant also agrees to indemnify the tenant against all liabilities, judgments, costs, damages, claims or claims arising from the subtenant`s failure to comply with the main rental agreement. The Tenant hereby declares to the Subtenant that there is no existing defect in the Main Lease Agreement by either party.5. INVENTORY: The subtenant inspected the premises and accepted the premises and any existing improvements in their current state “as is”. At the beginning of this sublease period, the tenant is not required to make any repairs or improvements in favor of the subtenant, but this does not release the tenant from obligations to the landlord under the main lease.6. USE OF PREMISES:The subtenant may only use and use the premises for the following purposes:___________________________________________________________________________The premises may not be used for any other purpose, and the tenant hereby declares that the premises may lawfully be used for the purposes described above.7. ASSIGNMENT AND SUBLETTING: The subtenant may not assign such sublease or sublease to any part of the premises without the written consent of the tenant.
The tenant undertakes not to unreasonably refuse such consent.8. ATTORNEY`S FEES: If a party takes legal action to enforce any of the terms of that sublease, the losing party will pay the winning party`s attorney`s fees in addition to any other remedies.9. . . .