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Sub Lease Contract
"I need a Sub Lease Contract for a commercial office space in Central, Hong Kong, starting from March 1, 2025, with a 3-year term, including provisions for quarterly rent reviews and specific clauses about shared meeting room facilities."
1. Parties: Identifies all parties to the agreement: the head landlord (if required), main tenant (sub-landlord), and sub-tenant, including full legal names and addresses
2. Background: Sets out the context of the sub-lease, including reference to the head lease and confirmation of the sub-landlord's authority to sub-let
3. Definitions: Defines key terms used throughout the agreement, including 'Premises', 'Term', 'Head Lease', etc.
4. Demise: The formal grant of the sub-lease, specifying the premises being let and the term of the sub-lease
5. Rent and Payment Terms: Details of rent amount, payment frequency, method of payment, and review provisions
6. Tenant Covenants: Sub-tenant's obligations including maintenance, permitted use, alterations, compliance with head lease terms
7. Landlord Covenants: Sub-landlord's obligations including quiet enjoyment, insurance, and compliance with head lease
8. Insurance: Insurance requirements for both parties, including building insurance and contents insurance
9. Assignment and Subletting: Restrictions on further assignment or subletting of the premises
10. Termination: Circumstances under which the sub-lease can be terminated and the process for termination
11. Yielding Up: Obligations regarding the condition of the premises upon lease end
12. Notices: Process for serving formal notices between parties
13. Governing Law: Confirmation that Hong Kong law governs the agreement
1. Head Landlord's Consent: Required when the head lease mandates obtaining head landlord's consent for subletting
2. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions
3. Rent Review: Include when the sub-lease term is long enough to warrant rent review provisions
4. Service Charge: Required when the property is part of a larger building with shared services
5. Alterations and Improvements: Detailed provisions for when substantial alterations to the premises are contemplated
6. Green Lease Provisions: Environmental and sustainability obligations, increasingly common in commercial sub-leases
7. Guarantor Provisions: Include when a guarantor is required to guarantee the sub-tenant's obligations
1. Schedule 1 - The Premises: Detailed description of the premises including floor plans and measurements
2. Schedule 2 - Head Lease: Copy or relevant extracts of the head lease terms that affect the sub-tenant
3. Schedule 3 - Inventory: List of fixtures, fittings, and furniture included in the sub-lease
4. Schedule 4 - Service Charge: Breakdown of service charge calculations and included services
5. Schedule 5 - Condition Report: Detailed report on the condition of the premises at the start of the sub-lease
6. Appendix A - Plans: Floor plans, location plans, and any relevant building plans
7. Appendix B - Head Landlord's Consent: Copy of the head landlord's written consent to the sub-lease
8. Appendix C - Photographs: Photographic evidence of the premises' condition at commencement
Authors
Commercial Real Estate
Residential Real Estate
Retail
Office Space Management
Industrial Properties
Hospitality
Co-working Spaces
Retail Centers
Shopping Malls
Warehousing
Manufacturing
Legal
Real Estate
Operations
Facilities Management
Property Management
Asset Management
Compliance
Administration
Finance
Risk Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Director
Operations Manager
Asset Manager
Leasing Manager
Property Administrator
Commercial Director
Real Estate Agent
Business Development Manager
Chief Operating Officer
Compliance Officer
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