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The Master Tenant Subtenant Agreement is essential in situations where a primary tenant wishes to sublease a property to another party while maintaining their lease with the original landlord. This document is particularly relevant in the Australian property market where subletting arrangements are common in both commercial and residential contexts. It addresses the complex three-way relationship between the head landlord, master tenant, and subtenant, ensuring all parties' rights and obligations are clearly defined and protected. The agreement includes crucial details about property usage, rent payments, maintenance responsibilities, insurance requirements, and compliance with Australian tenancy laws. It's commonly used in various scenarios including corporate housing arrangements, student accommodation, commercial property management, and residential subletting situations. The document must comply with both federal Australian law and specific state/territory regulations regarding property leasing and subletting arrangements.

1. Parties: Identification of all parties: Head Landlord, Master Tenant, and Subtenant, including full legal names and contact details

2. Background: Context of the agreement, including reference to the head lease and the master tenant's authority to sublease

3. Definitions: Definitions of key terms used throughout the agreement, including specific terms related to sublease arrangements

4. Grant of Sublease: Formal grant of the sublease, specifying the premises and any limitations on use

5. Term and Renewal: Duration of the sublease, commencement date, end date, and any renewal options

6. Rent and Other Payments: Rent amount, payment schedule, method of payment, and other financial obligations

7. Security Deposit: Details of security deposit requirements, holding arrangements, and conditions for return

8. Utilities and Outgoings: Responsibility for utilities, services, and other ongoing costs

9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and property upkeep between all parties

10. Use of Premises: Permitted use of the premises and any restrictions

11. Insurance: Insurance requirements for all parties

12. Access and Inspection: Rights of access for landlord, master tenant, and related inspection procedures

13. Default and Remedies: Events of default and available remedies for each party

14. Termination: Grounds and procedures for termination by any party

15. Notices: Methods and requirements for formal communications between parties

16. General Provisions: Standard legal provisions including governing law, entire agreement, and severability