Sublease Agreement A Sublease Agreement allows a tenant to sublease all or part of their leased premises to another party, specifying sublease terms, rent, and responsibilities.
1.1. Sublease of Premises
Sublessor hereby subleases to Sublessee, and Sublessee hereby subleases from Sublessor, the office suite comprising 1500 square feet within the TechHub Tower, and [INSERT EXACT SUITE NUMBER OR LOCATION] (the "Subleased Premises"). The Subleased Premises include modern workstations, a dedicated meeting room, and convenient access to shared services and amenities, including but not limited to, restrooms, kitchenette, reception area, and Wi-Fi.
2.1. Sublease Term
The term of this Agreement (the "Term") shall commence on [INSERT DATE] (the "Commencement Date") and shall expire on [INSERT DATE], unless earlier terminated in accordance with the provisions of this Agreement or extended by mutual written agreement of the Parties. The initial Term shall not extend beyond the term of the Master Lease.
3.1. Rent Amount
Sublessee shall pay to Sublessor, as rent for the Subleased Premises, an amount of [INSERT AMOUNT IN WORDS] Dollars ($[INSERT NUMERICAL AMOUNT]) (the "Rent") per month, payable in advance on the first day of each month during the Term, without set-off, deduction, or demand. The first month's Rent shall be due and payable upon execution of this Agreement, and thereafter on the first day of each month. Rent for any partial month shall be prorated based on the actual number of days in that month.
3.2. Late Payments
If Sublessee fails to pay any installment of Rent by the due date, Sublessee shall pay to Sublessor a late fee equal to 5% of the amount of the unpaid installment, in addition to the unpaid installment.
Upon execution of this Agreement, Sublessee shall deposit with Sublessor an amount equal to [INSERT AMOUNT IN WORDS] Dollars ($[INSERT NUMERICAL AMOUNT]) as a security deposit (the "Security Deposit") for the performance by Sublessee of its obligations under this Agreement. The Security Deposit shall be returned to Sublessee within thirty (30) days after the expiration or earlier termination of this Agreement, subject to deductions for any amounts due to Sublessor and any amounts necessary to remedy any default by Sublessee.
Sublessee shall use the Subleased Premises solely for the purpose of conducting its business operations and for no other purposes without the prior written consent of Sublessor. Sublessee shall not use the Subleased Premises in any manner that violates any laws, rules, or regulations, or that creates a nuisance or disturbs the quiet enjoyment of other occupants of the building.
Sublessee acknowledges that this Agreement is subject and subordinate to the Master Lease, and Sublessee shall comply, at Sublessee's expense, with all of the terms, conditions, and covenants of the Master Lease, except those terms that, by their nature, are the sole responsibility of Sublessor. Sublessor represents and warrants that it has provided Sublessee with a true, correct, and complete copy of the Master Lease.
Sublessee shall, at its sole expense, maintain the Subleased Premises in a clean, safe, and operable condition, and shall promptly repair any damage to the Subleased Premises caused by Sublessee, its employees, agents, or invitees. Sublessee shall return the Subleased Premises to Sublessor in the same condition as when first occupied by Sublessee, except for reasonable wear and tear.
Sublessee shall not make any alterations, improvements, or modifications to the Subleased Premises without the prior written consent of Sublessor and the Landlord, if required by the Master Lease. Any approved alterations shall become the property of the Sublessor and shall remain upon and be surrendered with the Subleased Premises at the end of the Term.
Sublessee shall at all times during the Term maintain comprehensive general liability insurance with a minimum limit of [INSERT AMOUNT IN WORDS] Dollars ($[INSERT NUMERICAL AMOUNT]) per occurrence, and shall name the Sublessor and the Landlord as additional insureds on such policy. Sublessee shall provide Sublessor with a certificate of insurance evidencing such coverage as required by the Master Lease.
Sublessee shall indemnify, protect, defend, and hold harmless Sublessor and the Landlord from any and all loss, liability, cost, expense, or damage (including reasonable attorney's fees) arising out of any claims, demands, suits, or judgments against Sublessor and/or the Landlord due to Sublessee's use of the Subleased Premises, or the negligence, willful misconduct, or violation of law by Sublessee, its employees, agents or invitees.
If Sublessee defaults in the performance of any of its obligations under this Agreement and fails to cure such default within ten (10) days after receipt of written notice of the default from Sublessor, or if a longer cure period is required and Sublessee has commenced to cure the default and is diligently pursuing the cure, such longer period as is reasonably necessary, Sublessor may, at its option and without limiting any other remedies available hereunder or at law, terminate this Agreement and reclaim possession of the Subleased Premises, without the need for further notice or demand.
All notices, demands, or other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed received when personally delivered or sent by certified mail, return receipt requested, or by email with confirmation of receipt, to the Parties at their respective addresses set forth below or to such other address as may be designated by a Party by written notice to the other Party:
Sublessor: [INSERT SUBLESSOR'S NAME AND ADDRESS]
Sublessee: [INSERT SUBLESSEE'S NAME AND ADDRESS]
This Agreement shall be governed by and construed in accordance with the laws of the United States and the State of [INSERT STATE], without regard to conflict of laws principles.
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof, and supersedes all prior or contemporaneous understandings, representations, negotiations, and agreements, whether oral or written, with respect to such subject matter. No modification, amendment, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
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In this Sublease Agreement, you will see the following sections:
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