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Main Tenant And Subtenant Agreement
"I need a Main Tenant And Subtenant Agreement for a commercial office space in Kuala Lumpur, where I will be subletting 2,000 square feet to a tech startup for 24 months starting March 1, 2025, with specific provisions for 24/7 access and server room installation permissions."
1. Parties: Identifies and provides full details of the main tenant and subtenant, including their legal capacity to enter into the agreement
2. Background: Explains the context of the agreement, including reference to the head lease and main tenant's authority to sublease
3. Definitions: Defines key terms used throughout the agreement including Property, Head Lease, Term, Rent, etc.
4. Grant of Sublease: Formal clause establishing the sublease from main tenant to subtenant
5. Term and Possession: Specifies the duration of the sublease and possession arrangements
6. Rent and Payment Terms: Details the rent amount, payment schedule, and method of payment
7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for refund
8. Utilities and Outgoings: Allocates responsibility for utility payments and other ongoing expenses
9. Use of Premises: Specifies permitted use of the property and any restrictions
10. Maintenance and Repairs: Defines responsibilities for property maintenance and repairs
11. Main Tenant's Obligations: Lists all obligations of the main tenant including those flowing from the head lease
12. Subtenant's Obligations: Details all obligations and responsibilities of the subtenant
13. Insurance: Specifies insurance requirements for both parties
14. Default and Remedies: Outlines what constitutes default and the available remedies
15. Termination: Details circumstances and procedures for termination of the agreement
16. Notices: Specifies how formal notices should be given between parties
17. Governing Law: Confirms Malaysian law governance and jurisdiction
1. Head Landlord's Consent: Required when the head lease requires landlord's consent for subletting
2. Renovation and Alterations: Include when the subtenant is permitted to make changes to the property
3. Option to Renew: Include if the subtenant is given an option to extend the sublease term
4. Break Clause: Include if either party has the right to terminate early under specific conditions
5. Sharing of Common Areas: Required when the property includes shared facilities or common areas
6. Furniture and Fittings: Include when the property is provided furnished
7. Special Conditions: For any unique requirements or circumstances specific to the property or parties
8. Assignment and Further Subletting: Include if there are specific provisions about further transfer of rights
9. Quiet Enjoyment: Optional clause guaranteeing subtenant's right to peaceful occupation
10. Force Majeure: Include provisions for unforeseen circumstances preventing performance of obligations
1. Schedule 1: Property Description: Detailed description of the subleased property including floor plan and boundaries
2. Schedule 2: Inventory List: List of furniture, fixtures, and fittings included in the sublease
3. Schedule 3: Head Lease Terms: Key terms from the head lease that affect the sublease
4. Schedule 4: House Rules: Building or property rules and regulations applicable to the subtenant
5. Schedule 5: Utility Readings: Initial meter readings for utilities at the start of the sublease
6. Appendix A: Copy of Head Lease: Attached copy of the main lease agreement
7. Appendix B: Condition Report: Detailed report on property condition at commencement of sublease
8. Appendix C: Head Landlord's Consent Letter: If required, written consent from the head landlord for the sublease
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Co-working Spaces
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Risk Management
Property Management
Asset Management
Business Development
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Administrator
Leasing Manager
Property Administrator
Real Estate Agent
Building Manager
Asset Manager
Operations Manager
Compliance Officer
Risk Manager
Business Development Manager
Space Planning Manager
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