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Lease And Sublease Agreement

Lease And Sublease Agreement Template for Canada

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Key Requirements PROMPT example:

Lease And Sublease Agreement

"I need a Lease and Sublease Agreement for a commercial office space in Toronto, where my tech company will be the primary tenant and we plan to sublease 40% of the space to a startup, with specific provisions for shared meeting rooms and a requirement for tenant improvements to create a shared reception area."

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Document background
The Lease And Sublease Agreement is a vital legal instrument used when a tenant wishes to lease all or part of their rented property to another party while maintaining their original lease agreement with the landlord. This document type is essential in the Canadian real estate market, where subleasing is common in both commercial and residential contexts. The agreement must comply with federal laws and provincial regulations, which vary by jurisdiction across Canada. It is particularly useful in situations where a primary tenant needs to reduce their space commitment or generate additional income from unused space, while maintaining their original lease obligations. The document comprehensively addresses the rights and responsibilities of all parties involved, including rent payments, maintenance obligations, insurance requirements, and the relationship between the master lease and sublease arrangements. It includes specific provisions required by Canadian law, such as compliance with provincial tenancy acts, human rights legislation, and building codes.
Suggested Sections

1. Parties: Identification of all parties involved - Landlord, Tenant (as Sublandlord), and Subtenant

2. Background: Context of the agreement, including reference to the master lease and reason for sublease

3. Definitions: Key terms used throughout the agreement including Premises, Term, Rent, Common Areas, etc.

4. Grant of Lease and Sublease: Formal conveyance of leasehold interest and sublease rights

5. Term: Duration of both lease and sublease, including commencement and expiration dates

6. Rent and Other Payments: Details of rent, operating costs, utilities, and other financial obligations

7. Security Deposit: Amount, terms, and conditions for security deposits from both tenant and subtenant

8. Use of Premises: Permitted and prohibited uses of the property

9. Maintenance and Repairs: Responsibilities for property maintenance and repairs among all parties

10. Insurance and Indemnification: Required insurance coverage and indemnification obligations

11. Default and Remedies: Events of default and available remedies for each party

12. Assignment and Further Subletting: Rights and restrictions regarding further transfer of interests

13. Notices: Process and addresses for formal communications between parties

14. Governing Law: Specification of applicable Canadian jurisdiction and laws

15. Execution: Signature blocks and execution requirements for all parties

Optional Sections

1. Building Services: For commercial properties - details of HVAC, cleaning, security, and other building services

2. Tenant Improvements: When renovations or modifications to the premises are permitted

3. Environmental Matters: For properties with environmental concerns or requirements

4. Parking: When specific parking rights are included in the lease/sublease

5. Signage Rights: For commercial properties where signage is relevant

6. Operating Hours: For commercial properties in multi-tenant buildings

7. Right of First Refusal: When additional space or purchase rights are granted

8. Quiet Enjoyment: Often included in residential subleases

9. Pet Provisions: For residential properties where pets are relevant

10. Option to Extend: When extension rights are granted to the subtenant

Suggested Schedules

1. Schedule A - Floor Plan: Detailed plan showing the leased/subleased premises

2. Schedule B - Master Lease: Copy of the original lease between landlord and tenant

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 premises and common areas

5. Schedule E - Condition Report: Documentation of premises condition at commencement

6. Schedule F - Tenant Improvement Specifications: Details of any approved modifications to the premises

7. Schedule G - Service Level Agreement: For commercial properties - details of building services and standards

8. Schedule H - Insurance Requirements: Detailed insurance specifications for all parties

9. Schedule I - Environmental Reports: If applicable - environmental assessments or requirements

10. Schedule J - Guarantees: Any personal or corporate guarantees required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries

Real Estate

Commercial Property Management

Residential Property Management

Retail

Office Space Management

Industrial & Warehousing

Healthcare Facilities

Education & Academic Institutions

Hospitality & Tourism

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Risk & Compliance

Property Management

Asset Management

Administrative Services

Corporate Services

Relevant Roles

Real Estate Manager

Property Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Real Estate Attorney

Leasing Manager

Asset Manager

Operations Director

Chief Financial Officer

Commercial Property Agent

Lease Administrator

Risk Manager

Compliance Officer

Property Administrator

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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