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Car Sublease Agreement
"I need a Car Sublease Agreement for subletting my company Tesla Model 3 to a contractor for 6 months starting March 2025, with specific clauses about mileage restrictions and insurance requirements for business use in Greater London."
1. Parties: Identification of the primary lessor, sublessor, and sublessee
2. Background: Context of the sublease arrangement and reference to the master lease
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Specific information about the vehicle being subleased
5. Term and Termination: Duration of sublease and conditions for ending the agreement
6. Payment Terms: Rental amounts, payment schedule, and related financial terms
7. Insurance Requirements: Mandatory insurance coverage and responsibilities
8. Maintenance and Repairs: Responsibilities for vehicle maintenance and repair
1. Mileage Limitations: Restrictions on vehicle usage distance, used when mileage caps apply
2. Territory Restrictions: Geographical limitations on vehicle use, relevant for international use
3. Additional Drivers: Terms for allowing other drivers, when multiple drivers are permitted
4. Commercial Use: Special terms for business use, when vehicle is used commercially
1. Schedule 1: Vehicle Condition Report: Detailed description of vehicle condition at start of sublease
2. Schedule 2: Payment Schedule: Detailed breakdown of payment terms and dates
3. Schedule 3: Insurance Certificates: Copies of relevant insurance documentation
4. Appendix A: Master Lease Terms: Relevant excerpts from the master lease agreement
5. Appendix B: Vehicle Documentation: MOT certificates, registration documents, and maintenance records
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