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Subtenant Lease
"I need a Subtenant Lease agreement for subleasing half of my office space (2,000 square feet) in Kuala Lumpur to a tech startup, with the lease term running from March 1, 2025, to December 31, 2025, including provisions for shared meeting rooms and pantry facilities."
1. Parties: Identification of the sublandlord and subtenant, including full legal names, registration numbers for companies, and addresses
2. Background: Context of the sublease, including reference to the head lease and confirmation of authority to sublease
3. Definitions: Definitions of key terms used throughout the agreement, including property, term, rent, and other relevant terminology
4. Demise: The actual grant of the sublease, specifying the property being subleased
5. Term and Possession: Duration of the sublease, commencement date, and possession details
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and review mechanisms
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Permitted Use: Specified allowed uses of the property, consistent with head lease restrictions
9. Subtenant Obligations: Core responsibilities of the subtenant including maintenance, repairs, and compliance with regulations
10. Sublandlord Obligations: Core responsibilities of the sublandlord including maintaining head lease and providing quiet enjoyment
11. Insurance: Required insurance coverage and responsibilities
12. Assignment and Further Subletting: Restrictions on assignment and further subletting
13. Termination: Circumstances and procedures for early termination
14. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Utilities and Service Charges: Detailed provisions for utility payments and service charges, used when these are not included in the rent
2. Alterations and Improvements: Provisions regarding modifications to the property, used when alterations might be needed
3. Break Clause: Early termination options, included when parties want flexibility to end the lease early
4. Option to Renew: Terms for lease renewal, included when parties want to provide for possible extension
5. Shared Facilities: Rules for common areas and shared facilities, used in multi-tenant buildings
6. Green Lease Provisions: Environmental and sustainability requirements, used for green buildings or when parties have specific environmental concerns
7. Covid-19 or Force Majeure Provisions: Special provisions for pandemics or other force majeure events, used when specific risk allocation is desired
1. Schedule 1 - Property Description: Detailed description of the subleased premises including floor plans and measurements
2. Schedule 2 - Head Lease: Copy or relevant excerpts of the head lease
3. Schedule 3 - Rent and Payment Schedule: Detailed breakdown of rent, payment dates, and review mechanisms
4. Schedule 4 - Condition Report: Initial condition of the property with photographs and descriptions
5. Schedule 5 - House Rules: Building regulations and rules if in a managed building
6. Schedule 6 - Fixtures and Fittings: Inventory of items included in the sublease
7. Appendix A - Required Approvals: Copies of landlord consent and any necessary regulatory approvals
Authors
Commercial Real Estate
Retail
Office Space Management
Coworking Spaces
Industrial
Hospitality
Professional Services
Technology
Manufacturing
Healthcare
Legal
Facilities Management
Real Estate
Operations
Finance
Compliance
Corporate Services
Administration
Risk Management
Property Management
Facilities Manager
Real Estate Manager
Property Manager
Legal Counsel
Operations Director
Chief Financial Officer
Office Manager
Business Development Manager
Compliance Officer
Space Planning Coordinator
Asset Manager
Lease Administrator
Corporate Services Manager
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