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Tenancy Agreement Allowing Subletting
"I need a Tenancy Agreement Allowing Subletting for our tech company's new office space in Bangalore, starting March 2025, with the ability to sublet up to 40% of the space to partner companies and clear provisions for shared common areas and internet infrastructure."
1. Parties: Identification of the Landlord and Tenant with complete details including names, addresses, and contact information
2. Background: Context of the agreement and brief description of the premises and intended use
3. Definitions: Definitions of key terms used throughout the agreement including 'Premises', 'Term', 'Rent', 'Security Deposit', 'Subletting', and 'Sublessee'
4. Demise: Formal grant of the lease, specifying the premises being let
5. Term and Renewal: Duration of the lease and conditions for renewal
6. Rent and Payment Terms: Rent amount, payment schedule, payment method, and review mechanisms
7. Security Deposit: Amount, payment terms, conditions for refund, and deductions
8. Subletting Rights and Conditions: Specific rights and procedures for subletting, including landlord's consent requirements
9. Maintenance and Repairs: Responsibilities of landlord and tenant regarding property maintenance
10. Utilities and Outgoings: Responsibility for utility payments and other charges
11. Use of Premises: Permitted use of the property and restrictions
12. Insurance: Insurance requirements for both parties
13. Termination: Grounds and procedure for termination by either party
14. Return of Premises: Conditions for returning the property at lease end
15. Governing Law: Specification of Indian law as governing law and jurisdiction
16. Dispute Resolution: Process for resolving disputes between parties
1. Break Clause: Early termination options - include when parties want flexibility to end lease early
2. Fit-out Works: Provisions for modifications to premises - relevant for commercial properties or when significant modifications are planned
3. Green Lease Provisions: Environmental and sustainability obligations - include for environmentally conscious parties or green buildings
4. Property Management: Building management rules - relevant for properties in managed complexes
5. Assignment Rights: Right to transfer the entire lease - include when assignment might be needed alongside subletting
6. Force Majeure: Provisions for unexpected events - particularly relevant post-COVID or in areas prone to disruptions
7. Guarantor Provisions: Terms for guarantee of tenant obligations - include when tenant's financial standing requires additional security
1. Schedule 1 - Property Description: Detailed description of premises including floor plans and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furnishings included in the lease
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and review dates
4. Schedule 4 - Service Charges: Breakdown of service charges and calculation method
5. Schedule 5 - Subletting Requirements: Detailed procedures and requirements for subletting approval
6. Schedule 6 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities
7. Appendix A - Property Photos: Photographic evidence of property condition at start of lease
8. Appendix B - Required Forms: Standard forms for subletting applications and notices
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Education
Healthcare
Professional Services
Manufacturing
Technology
Co-working Spaces
Legal
Real Estate
Facilities Management
Operations
Risk & Compliance
Property Management
Asset Management
Administrative Services
Corporate Services
Tenant Relations
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Corporate Housing Manager
Leasing Manager
Asset Manager
Property Administrator
Real Estate Director
Compliance Officer
Risk Manager
Operations Manager
Student Housing Coordinator
Commercial Property Manager
Tenant Relations Manager
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