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Commercial Real Estate Sublease Agreement
"I need a Commercial Real Estate Sublease Agreement for subletting 5,000 square feet of office space in downtown Toronto to a tech startup, with the sublease term running from March 1, 2025, to December 31, 2025, including provisions for shared use of conference facilities and IT infrastructure."
1. Parties: Identification of Sublandlord and Subtenant, including legal names and addresses
2. Background: Context of the sublease, including reference to the master lease and authority to sublease
3. Definitions: Key terms used throughout the agreement, including 'Premises', 'Master Lease', 'Term', etc.
4. Grant of Sublease: Formal grant of the sublease interest and description of the subleased premises
5. Term: Duration of sublease, commencement date, expiration date, and any renewal options
6. Rent and Other Payments: Base rent, additional rent, operating costs, utilities, and payment terms
7. Security Deposit: Amount, form, and conditions for return of security deposit
8. Use of Premises: Permitted uses of the premises and any restrictions
9. Master Lease Compliance: Subtenant's obligations to comply with master lease terms
10. Maintenance and Repairs: Responsibilities for maintaining and repairing the premises
11. Insurance and Indemnification: Required insurance coverage and mutual indemnification provisions
12. Default and Remedies: Events of default and available remedies for both parties
13. Assignment and Further Subletting: Restrictions on further transfer of sublease interests
14. Notices: Process and addresses for formal communications between parties
15. General Provisions: Standard legal provisions including governing law, amendments, and severability
1. Furniture and Equipment: Details of any furniture or equipment included in the sublease, used when the premises are being subleased furnished
2. Tenant Improvements: Rights and obligations regarding alterations and improvements, included when modifications are contemplated
3. Operating Hours: Specific hours of operation and access rights, relevant for multi-tenant buildings
4. Signage Rights: Rights and restrictions regarding exterior and interior signage, important for retail locations
5. Parking: Allocation of parking spaces and related terms, relevant when parking is included
6. Environmental Matters: Special environmental obligations or concerns, needed for industrial or specialized uses
7. Building Services: Special services provided by building management, relevant in full-service buildings
8. Option to Purchase: Right to purchase the property, included when agreed between parties
9. Guaranty: Personal or corporate guaranty provisions, used when additional security is required
1. Schedule A - Floor Plan: Detailed plan showing the subleased premises
2. Schedule B - Master Lease: Copy of the master lease agreement
3. Schedule C - Rent Schedule: Detailed breakdown of rent payments and escalations
4. Schedule D - Building Rules and Regulations: Specific rules governing the use of the building
5. Schedule E - Condition Report: Documentation of premises condition at commencement
6. Schedule F - Permitted Alterations: Pre-approved alterations or improvements
7. Schedule G - Service Level Agreement: Details of building services and maintenance standards
8. Schedule H - Insurance Requirements: Detailed insurance specifications and requirements
9. Appendix 1 - Landlord's Consent: Written consent from the master landlord for the sublease
10. Appendix 2 - Guaranty Agreement: Form of any required guaranty
Authors
Retail
Office Space
Industrial
Manufacturing
Technology
Healthcare
Professional Services
Hospitality
Warehousing
Distribution
Financial Services
Education
Entertainment
Logistics
Research and Development
Legal
Real Estate
Facilities Management
Finance
Operations
Risk Management
Compliance
Administration
Business Development
Property Management
Chief Financial Officer
Real Estate Manager
Facilities Manager
Property Manager
Legal Counsel
Corporate Lawyer
Real Estate Director
Operations Manager
Business Development Manager
Risk Manager
Compliance Officer
Asset Manager
Commercial Lease Administrator
Real Estate Broker
Chief Operating Officer
Finance Director
Contract Manager
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