1. PARTIESThis Commercial Sublease Agreement (“Sublease”) is entered into this _____ day of _______________, 20_____, by and between ___________________ (“Sublessor”) and _______________________ (“Sublessee”). Both parties agree to be bound by the terms and conditions of this Sublease.
2. PREMISESSublessor subleases to Sublessee and Sublessee subleases from Sublessor, the premises located at _______________________. The premises will be used for _______________.
3. TERMThe term of this Sublease begins on ____________, 20_____, and will end on ____________, 20_____. Sublessee should vacate the premises upon termination of this Sublease unless both parties agree in writing to extend.
4. RENTSublessee agrees to pay Sublessor the amount of _______ per month, due on the first day of each calendar month. If the Sublease begins after the first day of the month, the first month’s rent will be prorated.
5. SECURITY DEPOSITUpon execution of this Sublease, Sublessee will deposit with Sublessor the sum of _________ as security for Sublessee’s obligations under this Sublease.
6. MAINTENANCE AND REPAIRSublessee will keep the premises in clean, sanitary, and good condition. Any damage caused by Sublessee or Sublessee’s guests will be repaired at Sublessee’s expense.
7. ASSIGNMENT AND SUBLETTINGSublessee will not sublet any part of the premises or assign this Sublease without the prior written consent of the Sublessor.
8. INSURANCEDuring the term of this Sublease, Sublessee will maintain at its own cost a policy of public liability and property damage insurance.
9. DEFAULTIf Sublessee fails to comply with any of the material provisions of this Sublease or of the Master Lease, or of any present rules and regulations governing the premises, Sublessor may terminate this Sublease upon providing written notice to Sublessee.
10. GOVERNING LAWThis Sublease will be governed by and construed in accordance with the laws of the state of _______________.
11. ENTIRE AGREEMENTThis Sublease contains all the terms agreed to by the parties relating to its subject matter including the terms of the Master Lease, which is attached hereto, and supersedes all other agreements, arrangements, and communications, whether oral or written, between the parties. SUBLESSOR:
Other Useful ContractsIf you have found the Commercial sublease agreement template useful, you might also want to check out our Warehouse Lease Agreement Template. This template can provide significant legal groundwork when it comes to subleasing a warehouse. You can use it to dictate terms and conditions, responsibilities of each party, and the lease period.
For those managing multiple properties, consider utilizing our Commercial Property Management Agreement Template. It can help set clear guidelines about property maintenance, rent collection, tenant communication, and more, ensuring that all parties have a clear understanding of their roles.
Meanwhile, if you’re planning on subleasing an office space, the Office Lease Agreement Template can be a perfect tool. It provides a comprehensive outline to cover all the crucial lease terms such as the amount of rent, security deposit and length of lease.
Lastly, if you’re in a situation where you need to end a lease early due to unforeseen circumstances, then our Early Termination of Commercial Lease Agreement Template might come in handy. This document helps facilitate the process swiftly while protecting both parties from potential legal and financial implications.