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Sub Lease
"I need a Sub Lease agreement for a commercial office space in Mumbai that allows for shared workspace arrangements and includes provisions for IT infrastructure and 24/7 access, compliant with both local regulations and my master lease terms."
1. Parties: Details of the head-tenant (sub-lessor) and sub-tenant (sub-lessee), including full legal names, addresses, and contact information
2. Background: Context of the sub-lease, including reference to the master lease and confirmation of the head-tenant's authority to sub-lease
3. Definitions: Key terms used throughout the agreement including Property, Term, Rent, Security Deposit, Master Lease, etc.
4. Demise: Formal grant of the sub-lease, describing the property being sub-let and any included facilities or amenities
5. Term and Possession: Duration of the sub-lease, commencement date, and conditions for possession
6. Rent and Payment Terms: Amount of rent, payment schedule, method of payment, and provisions for rent review
7. Security Deposit: Amount, payment terms, conditions for refund, and permitted deductions
8. Permitted Use: Specified purposes for which the property may be used
9. Maintenance and Repairs: Responsibilities of sub-lessor and sub-lessee for maintenance, repairs, and improvements
10. Utilities and Outgoings: Responsibility for payment of utilities, taxes, and other charges
11. Insurance: Insurance requirements for both parties
12. Compliance with Master Lease: Sub-lessee's obligations to comply with master lease terms
13. Assignment and Further Sub-letting: Restrictions on assignment or further sub-letting
14. Termination: Grounds for termination, notice requirements, and consequences
15. Governing Law: Specification of Indian law as governing law and jurisdiction
1. Fit-out Works: Include when sub-tenant is permitted to carry out improvements or modifications
2. Common Areas: Include for commercial properties with shared facilities
3. Property Management Rules: Include for properties within managed complexes or buildings
4. Green Lease Provisions: Include for properties with environmental sustainability requirements
5. Break Clause: Include when early termination options are available
6. Force Majeure: Include when specific provisions for unforeseen circumstances are required
7. Parking: Include when parking spaces are part of the sub-lease
1. Property Description: Detailed description of the sub-leased property including floor plans and measurements
2. Inventory: List of fixtures, fittings, and furniture included in the sub-lease
3. Master Lease Terms: Relevant excerpts from the master lease that affect the sub-lease
4. Service Charges: Breakdown of any service charges and maintenance fees
5. House Rules: Building regulations and rules applicable to the property
6. Condition Report: Documentation of property condition at commencement of sub-lease
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Co-working Spaces
Legal
Real Estate
Facilities Management
Operations
Administration
Risk & Compliance
Property Management
Asset Management
Business Development
Finance
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Contract Manager
Operations Manager
Business Development Manager
Office Manager
Asset Manager
Leasing Manager
Commercial Director
Property Administrator
Compliance Officer
Risk Manager
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