Commercial Sublease Agreement
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Lawdepot's Commercial Sublease Agreement
- Is used to transfer property rights that a tenant has under a commercial lease to a third party.
- Is comprehensive and customizable as to rental amount, utilities, damage deposit, permitted uses, insurance, improvements, inspection form, landlord's consent, and more.
- Is an easy to use and inexpensive.
We regularly maintain this contract. Last Modified: June 2010
Governing Law
A State must be selected.
A State must be selected.
Sublandlord Information
(The Tenant in the master/original Lease)
At least one Sublandlord name must be entered.
Subtenant Information
(The new tenant in this sublease)
At least one Subtenant name must be entered.
Landlord Information
(The landlord in the master/original lease)
Copy of Master Lease
Master/Original Lease Information
(e.g. Address, Town/City, County, Postcode)
Sublease Information
(e.g. all of the fourth floor of the Premises)
If the Sublease is for a term of 7 years or more, provide a full description of the property being leased (i.e. as detailed as possible) for Land Registry purposes. Where mines and minerals, timber and trees, stream beds, roads or other physical features are specifically excluded, you should state this in the legal description. Your lease may be deemed defective or your application may be rejected without a complete description.
Rent
Utilities
(e.g. electricity, natural gas, water, sewer, telephone, cable, condominium fees, recreation facilities, and laundry facilities)
Damage Deposit
Permitted Uses of the Premises
(e.g. the retail sale of pet supplies, the warehousing of stainless steel fixtures, the sale of plumbing supplies, etc.)
Land Registry Information for Prescribed Clauses Leases
Note: From June 2006, all registrable leases must come with prescribed clauses in order to be registered. The Land Registry will only rely on what is provided under the Prescribed Clauses to register a title. They will no longer review the lease itself. Ensure that you have included all relevant information in this section without any errors or omissions.
Where the premium includes an element of VAT, include this in the figure by stating for example, "£100,000 plus VAT of £17,500" or "£117,500 inclusive of VAT"
Restriction
Alterations and Improvements
(e.g. The Subtenant has no rights to make alterations to the Subleased Premises.)
(e.g. With the prior written consent of the Sublandlord, the Subtenant will have the right to make such alterations and improvements to the Subleased Premises as the Sublandlord deems desirable and necessary.)
Additional Provisions
(e.g. The Subtenant can use the parking stalls 313+314 for its employee parking)
Consent
Signing Details