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Master Tenant Subtenant Agreement
"I need a Master Tenant Subtenant Agreement for a commercial office space in Kuala Lumpur, where my company will be the master tenant subletting to three different tech startups, with the arrangement to commence from March 1, 2025."
1. Parties: Identifies and provides details of the Landlord, Master Tenant, and Subtenant
2. Background: Explains the context of the agreement, including the existence of the head lease and the intention to sublease
3. Definitions: Defines key terms used throughout the agreement, including Property, Head Lease, Sublease, Term, and Rent
4. Grant of Sublease: Formal grant of the sublease from Master Tenant to Subtenant, subject to head lease terms
5. Term and Renewal: Specifies the duration of the sublease and any renewal options, ensuring it doesn't exceed head lease term
6. Rent and Payment Terms: Details of rent amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for refund
8. Utilities and Outgoings: Allocation of responsibility for utility payments and other property-related expenses
9. Use of Premises: Permitted use of the property and any restrictions on use
10. Maintenance and Repairs: Responsibilities for property maintenance and repairs between all parties
11. Insurance: Insurance requirements for both Master Tenant and Subtenant
12. Assignment and Further Subletting: Restrictions on assignment and further subletting of the property
13. Default and Termination: Events of default and termination rights for all parties
14. Governing Law and Jurisdiction: Specifies Malaysian law as governing law and jurisdiction for disputes
1. Property Management: Include when specific property management arrangements are required for large or complex properties
2. Fit-out Works: Include when the Subtenant is permitted to conduct renovation or fit-out works
3. Break Clause: Include when early termination options are to be provided to any party
4. Service Charge: Include for properties in managed buildings or complexes with service charges
5. Green Lease Provisions: Include for properties with specific environmental or sustainability requirements
6. Quiet Enjoyment: Include when specific provisions for peaceful possession need to be emphasized
7. Right of First Refusal: Include when Subtenant is given priority rights for future leasing
8. Covid-19 or Force Majeure Provisions: Include specific provisions for pandemic or other force majeure events
1. Schedule 1 - Property Details: Detailed description of the property including address, boundaries, and included fixtures
2. Schedule 2 - Head Lease Terms: Key terms from the head lease that affect the sublease
3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments, including any scheduled increases
4. Schedule 4 - Condition Report: Detailed report of property condition at commencement of sublease
5. Schedule 5 - House Rules: Building rules and regulations applicable to the property
6. Schedule 6 - Inventory List: List of furnishings and equipment included in the lease
7. Appendix A - Floor Plans: Detailed floor plans of the property
8. Appendix B - Photos: Photographic evidence of property condition at commencement
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Mixed-Use Development
Co-working Spaces
Shopping Centers
Legal
Real Estate
Facilities Management
Operations
Property Management
Asset Management
Risk and Compliance
Administration
Business Development
Finance
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Manager
Asset Manager
Operations Manager
Property Administrator
Leasing Manager
Commercial Director
Real Estate Director
Compliance Officer
Risk Manager
Business Development Manager
Regional Manager
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