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Sublease Contract
"I need a Sublease Contract for subleasing my commercial office space in downtown Toronto to a tech startup, with the term starting March 1, 2025, including provisions for tenant improvements and shared use of conference facilities."
1. Parties: Identifies and provides full legal names and addresses of all parties involved: head landlord, sublandlord, and subtenant
2. Background: Explains the context of the sublease, including reference to the master lease and confirmation of head landlord's consent
3. Definitions: Defines key terms used throughout the agreement including 'Premises', 'Term', 'Master Lease', 'Rent', etc.
4. Grant of Sublease: Formal statement of the sublandlord granting the sublease to the subtenant
5. Term: Specifies the duration of the sublease, including commencement and expiration dates
6. Rent and Additional Charges: Details base rent, payment schedule, and additional charges such as utilities, maintenance fees, etc.
7. Security Deposit: Specifies the amount, terms, and conditions of the security deposit
8. Use of Premises: Defines permitted uses of the premises and any restrictions
9. Master Lease Obligations: Incorporates relevant provisions from the master lease and subtenant's obligation to comply
10. Maintenance and Repairs: Outlines responsibilities for maintaining and repairing the premises
11. Insurance and Liability: Specifies required insurance coverage and liability obligations
12. Default and Remedies: Defines events of default and available remedies
13. Notices: Specifies how and where formal notices must be delivered
14. General Provisions: Standard contract clauses including governing law, entire agreement, amendments, etc.
1. Improvements and Alterations: Include when subtenant is permitted to make modifications to the premises
2. Assignment and Further Subletting: Include when rights to assign or further sublease need to be addressed
3. Environmental Matters: Include for properties with potential environmental concerns or when required by local regulations
4. Parking: Include when parking spaces are part of the sublease
5. Signage: Include for commercial subleases where exterior or interior signage is relevant
6. Common Areas: Include when the sublease includes access to shared facilities or common areas
7. Operating Costs: Include for commercial subleases with shared building expenses
8. Security and Access: Include when specific security arrangements or access restrictions apply
9. Option to Extend: Include when subtenant is granted options to extend the sublease term
10. Right of First Refusal: Include when subtenant is granted rights to lease additional space or purchase property
1. Schedule A - Floor Plan: Detailed plan showing the subleased premises and any exclusive or shared areas
2. Schedule B - Master Lease: Copy of the master lease agreement
3. Schedule C - Head Landlord's Consent: Written consent from the head landlord for the sublease
4. Schedule D - Rent Schedule: Detailed breakdown of rent payments, including any escalations
5. Schedule E - Building Rules and Regulations: Specific rules and regulations governing the use of the premises and building
6. Schedule F - Condition Report: Documentation of the premises condition at the start of the sublease
7. Schedule G - Permitted Alterations: Detailed specifications of any approved alterations or improvements
8. Schedule H - Services and Utilities: List of services and utilities included in the rent or separately charged
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Technology
Manufacturing
Warehousing
Professional Services
Restaurant and Food Service
Legal
Real Estate
Facilities Management
Operations
Finance
Risk Management
Compliance
Administrative Services
Property Management
Asset Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Agent
Leasing Manager
Operations Director
Chief Financial Officer
Business Development Manager
Asset Manager
Property Administrator
Compliance Officer
Risk Manager
Space Planning Manager
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