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General Sublease Agreement
"I need a General Sublease Agreement for a commercial office space in London, where I want to sublet two floors of my leased building to a tech startup for 3 years starting March 2025, with an option to extend for two additional years."
1. Parties: Identification of head landlord, sublandlord, and subtenant
2. Background: Context of the sublease and reference to head lease
3. Definitions: Key terms used throughout the agreement
4. Demise: Description of property being subleased
5. Term: Duration of sublease and any break clauses
6. Rent and Payment Terms: Rent amount, payment schedule, and review provisions
7. Tenant Covenants: Subtenant's obligations and responsibilities
8. Landlord Covenants: Sublandlord's obligations and responsibilities
9. Insurance: Insurance requirements and responsibilities
1. Service Charges: Details of service charges if applicable to shared areas/services - use when property includes shared facilities or services
2. Alterations: Provisions for making changes to the property - use when alterations might be permitted
3. Assignment and Underletting: Rights to transfer or further sublease - use when these rights are to be granted
4. Break Clause: Early termination provisions - use when early termination options are desired
1. Schedule 1 - Property Description: Detailed description and plans of the subleased property
2. Schedule 2 - Head Lease Terms: Relevant terms from the head lease that apply to the sublease
3. Schedule 3 - Condition Report: Initial condition of the property
4. Schedule 4 - Service Charge Items: Breakdown of service charge components if applicable
5. Appendix 1 - Property Plans: Floor plans and site maps
6. Appendix 2 - Head Landlord's Consent: Written consent from head landlord for the sublease
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