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Commercial Sublease Agreement
"I need a Commercial Sublease Agreement for subletting half of my retail space in Dublin to a fashion retailer, including provisions for shared storage space and signage rights, with the sublease to commence on March 1, 2025."
1. Parties: Identification of the sublandlord and subtenant, including full legal names and addresses
2. Background: Context of the sublease, including reference to the head lease and authority to sublease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: The formal grant of the sublease, including the property description and term
5. Rent and Payment Terms: Details of rent amount, payment schedule, and review provisions
6. Service Charges: Obligations regarding service charges and other outgoings
7. Use of Premises: Permitted use of the property and any restrictions
8. Repairs and Maintenance: Responsibilities for repairs and maintenance of the premises
9. Insurance: Insurance requirements for both parties
10. Assignment and Subletting: Restrictions and conditions for further assignment or subletting
11. Alterations: Provisions regarding modifications to the premises
12. Compliance with Head Lease: Subtenant's obligations to comply with head lease terms
13. Termination: Circumstances and procedures for ending the sublease
14. Yield Up: Obligations regarding return of the premises at lease end
15. Notices: Process for serving formal notices between parties
16. Governing Law: Confirmation of Irish law governance and jurisdiction
1. Break Clause: Optional provision allowing early termination under specific conditions
2. Rent-Free Period: Details of any rent-free period granted at the start of the term
3. Guarantor Provisions: Required when a guarantor is securing the subtenant's obligations
4. Fit-Out Works: Include when specific tenant improvements are permitted or required
5. Service Level Agreement: Needed when specific services are provided by the sublandlord
6. Environmental Provisions: Additional environmental obligations beyond standard compliance
7. Car Parking: Include when parking spaces are part of the sublease
8. Signage Rights: When specific provisions for external or internal signage are needed
9. Utilities Separation: Required when utilities need to be separately metered or charged
1. Schedule 1 - Property Description: Detailed description of the subleased premises including plans
2. Schedule 2 - Head Lease: Copy or relevant excerpts of the head lease
3. Schedule 3 - Rent Review Provisions: Detailed mechanism for rent reviews
4. Schedule 4 - Service Charge Provisions: Detailed breakdown of service charge calculations and items
5. Schedule 5 - Condition Schedule: Description or photographs of premises condition at lease start
6. Schedule 6 - Permitted Alterations: List of pre-approved alterations if any
7. Schedule 7 - Building Rules and Regulations: Specific rules governing the use of the building
8. Appendix A - Plans: Floor plans and site plans of the premises
9. Appendix B - Inventory: List of any fixtures, fittings or equipment included in the sublease
Authors
Real Estate
Retail
Office Space
Industrial
Hospitality
Technology
Professional Services
Manufacturing
Healthcare
Education
Entertainment
Logistics
Co-working Space
Financial Services
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Administration
Property Management
Business Development
Corporate Services
Legal Counsel
Property Manager
Facilities Manager
Real Estate Director
Operations Manager
Chief Financial Officer
Commercial Director
Business Development Manager
Company Secretary
Risk Manager
Compliance Officer
Asset Manager
Property Administrator
Lease Administrator
Office Manager
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