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Sublease Agreement sample


What is Sublease Agreement?

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.



Sample template:



SUBLEASE AGREEMENT


This Sublease Agreement (the "Agreement") is made and entered into as of the date of its execution by and between MetroWorkspace Co, a company incorporated under the laws of United States ("Sublessor"), and TechHub Innovations LLC, a limited liability company registered in United States ("Sublessee") (collectively the "Parties").

WHEREAS, Sublessor leases an office suite within TechHub Tower, located at [COMPLETE ADDRESS] (the "Premises"), pursuant to a lease agreement dated [INSERT DATE] (the "Master Lease") by and between Sublessor and the landlord of the Premises, [INSERT LANDLORD'S NAME] ("Landlord");

WHEREAS, Sublessor desires to sublease the Premises to Sublessee, and Sublessee desires to sublease the Premises from Sublessor, as described and subject to the terms and conditions set forth below.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

1. Sublease

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. Term

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. Rent

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.



4. Security Deposit

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.



5. Use of Subleased Premises

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.



6. Compliance with Master Lease

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.



7. Maintenance and Repairs

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.



8. Alterations

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.



9. Insurance

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.



10. Indemnification

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.



11. Default

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.



12. Notices

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]



13. Governing Law

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.



14. Entire Agreement

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.



15. Counterparts

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.



IN WITNESS WHEREOF, the Parties have executed this Sublease Agreement as of the date first above written.

Sublessor:
[INSERT SUBLESSOR'S NAME]
By: ____________________________
Name: [INSERT SIGNATORY's NAME]
Title: [INSERT SIGNATORY's TITLE]

Sublessee:
[INSERT SUBLESSEE'S NAME]
By: ____________________________
Name: [INSERT SIGNATORY's NAME]
Title: [INSERT SIGNATORY's TITLE]

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Sections of a Sublease Agreement


In this Sublease Agreement, you will see the following sections:

  1. Sublease
  2. Term
  3. Rent
  4. Security Deposit
  5. Use of Subleased Premises
  6. Compliance with Master Lease
  7. Maintenance and Repairs
  8. Alterations
  9. Insurance
  10. Indemnification
  11. Default
  12. Notices
  13. Governing Law
  14. Entire Agreement
  15. Counterparts


Going indepth - Analysis of each section:

  1. Sublease : This section describes the office space being subleased, including its size, location, and included amenities. Think of it as a description of the "product" being rented.

  2. Term : This section outlines the duration of the sublease, including the start and end dates. It's like the "rental period" for the office space.

  3. Rent : This section specifies the monthly rent amount, when it's due, and how it should be paid. It also covers late payment fees. Consider this the "price tag" and payment terms for the office space.

  4. Security Deposit : This section explains the security deposit amount, when it's due, and the conditions for its return. It's like a safety net for the sublessor in case the sublessee doesn't fulfill their obligations.

  5. Use of Subleased Premises : This section outlines the allowed uses of the office space and prohibits any illegal or disruptive activities. It's like the "rules of conduct" for using the space.

  6. Compliance with Master Lease : This section states that the sublease is subject to the original lease between the sublessor and the landlord, and the sublessee must follow its terms. It's like a reminder that the sublessee must also respect the "parent" lease.

  7. Maintenance and Repairs : This section explains the sublessee's responsibility to maintain and repair the office space. It's like a "care and maintenance" guide for the space.

  8. Alterations : This section states that the sublessee cannot make changes to the office space without permission from the sublessor and possibly the landlord. It's like a "no modifications" rule for the space.

  9. Insurance : This section requires the sublessee to maintain liability insurance and include the sublessor and landlord as additional insureds. It's like a safety measure to protect all parties from potential risks.

  10. Indemnification : This section states that the sublessee must protect and compensate the sublessor and landlord for any losses or damages caused by the sublessee's actions. It's like a "you break it, you fix it" rule.

  11. Default : This section outlines the consequences if the sublessee fails to fulfill their obligations, including the possibility of terminating the sublease. It's like a "breach of contract" clause.

  12. Notices : This section explains how official communications between the parties should be delivered. It's like a "how to get in touch" guide for important matters.

  13. Governing Law : This section states that the sublease agreement is governed by the laws of a specific jurisdiction. It's like a "legal rulebook" for the agreement.

  14. Entire Agreement : This section clarifies that the sublease agreement is the complete and final understanding between the parties, superseding any previous agreements. It's like a "this is it" statement for the agreement.

  15. Counterparts : This section allows the agreement to be signed in multiple copies, each considered an original. It's like a "multiple originals" rule for signing the agreement.

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