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Sublease Contract Agreement
"I need a Sublease Contract Agreement for a commercial office space in Mumbai's business district, starting March 1, 2025, with specific provisions for IT infrastructure and 24/7 operation permissions, compliant with Maharashtra state laws."
1. Parties: Identification of the sublessor (original tenant) and sublessee (new tenant) with complete details
2. Background: Context of the sublease, including reference to the master lease and confirmation of authority to sublease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the property being subleased, including its location and boundaries
5. Term and Renewal: Duration of the sublease, commencement date, and any renewal options
6. Rent and Security Deposit: Amount, payment schedule, security deposit details, and mode of payment
7. Utilities and Maintenance: Responsibilities for utilities, maintenance, repairs, and common area charges
8. Use of Premises: Permitted use of the property and any restrictions
9. Compliance with Master Lease: Sublessee's obligation to comply with original lease terms
10. Insurance and Liability: Insurance requirements and allocation of risks
11. Default and Remedies: Events of default and available remedies
12. Termination: Conditions and procedures for early termination
13. Governing Law: Applicable law and jurisdiction
14. Notices: Method and addresses for official communications
15. Execution: Signature blocks and witness details
1. Furniture and Fixtures: Detailed terms regarding furnished properties, including inventory and condition
2. Property Modifications: Terms for allowing or restricting alterations to the property
3. Parking: Specific arrangements for parking spaces if applicable
4. Common Areas: Rules and access rights for shared facilities in case of multi-unit properties
5. Sublessee's Business Operations: Specific terms for commercial subleases regarding business operations
6. Environmental Compliance: Environmental obligations for industrial or commercial properties
7. Assignment and Further Subletting: Terms regarding further transfer of rights
8. Force Majeure: Provisions for unforeseen circumstances affecting the agreement
1. Schedule A - Property Description: Detailed description of the property including floor plans and measurements
2. Schedule B - Rent Schedule: Detailed breakdown of rent, escalations, and payment terms
3. Schedule C - Master Lease: Copy or relevant excerpts of the original lease agreement
4. Schedule D - Inventory List: List of furniture, fixtures, and equipment included in the sublease
5. Schedule E - Property Rules: Building rules and regulations
6. Schedule F - Condition Report: Detailed report of property condition at commencement
7. Appendix 1 - Required Permits: Copies of relevant permits and licenses
8. Appendix 2 - Insurance Requirements: Detailed insurance specifications and certificates
Authors
Real Estate
Commercial Office Space
Retail
Residential Property
Industrial
Hospitality
Education
Healthcare
Technology
Professional Services
Legal
Facilities Management
Real Estate
Operations
Administration
Finance
Compliance
Property Management
Corporate Affairs
Risk Management
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Operations Manager
Administrative Manager
Business Development Manager
Finance Manager
Compliance Officer
Real Estate Agent
Property Administrator
Leasing Manager
Asset Manager
Company Secretary
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