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Commercial Sublease Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Commercial Sublease Agreement

"I need a Commercial Sublease Agreement for a retail space in a Hong Kong shopping center, where I'll be subletting 2,000 square feet to a fashion retailer from March 2025, with specific provisions for signage rights and shared storage space."

Document background
The Commercial Sublease Agreement is essential when a business wants to sublease their commercial space to another party in Hong Kong. This document is commonly used when the original tenant needs to reduce their space commitment or generate additional income from unused space. The agreement must carefully balance the rights and obligations of all parties while ensuring compliance with Hong Kong property laws and the original head lease. It includes detailed provisions for rent, term, permitted use, maintenance, and other operational aspects. The document requires particular attention to Hong Kong's specific legal requirements regarding commercial property subleasing, including potential need for landlord consent and compliance with building regulations. This agreement type is crucial for businesses managing their real estate portfolios and requires careful consideration of both legal and commercial aspects.
Suggested Sections

1. Parties: Identification of the Sublandlord (current tenant) and Subtenant, including full legal names and registration details

2. Background: Context of the sublease, including reference to the head lease and confirmation of authority to sublease

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Specific details of the property being subleased and the grant of rights to the subtenant

5. Term: Duration of the sublease, including commencement and expiration dates

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

8. Permitted Use: Specified authorized uses of the premises

9. Maintenance and Repairs: Responsibilities for maintaining and repairing the premises

10. Insurance: Required insurance coverage and responsibilities

11. Utilities and Services: Responsibility for utilities, services, and related charges

12. Alterations and Improvements: Rules regarding modifications to the premises

13. Assignment and Further Subletting: Restrictions on further assignment or subletting

14. Default and Remedies: Events of default and corresponding remedies

15. Termination: Circumstances and procedures for early termination

16. Compliance with Head Lease: Obligations to comply with head lease terms

17. Governing Law: Specification of Hong Kong law as governing law

18. Execution: Signature blocks and execution details

Optional Sections

1. Break Clause: Optional provision allowing early termination under specific circumstances

2. Rent Review: Include when periodic rent adjustments are desired

3. Green Lease Provisions: Environmental and sustainability requirements, if relevant

4. Fit-out Works: Include when initial renovations or modifications are permitted

5. Operating Hours: Include for retail or specific commercial use restrictions

6. Signage Rights: Include when exterior or interior signage is relevant

7. Car Parking: Include when parking spaces are part of the sublease

8. Service Charge: Include when there are shared building services and costs

9. Guarantee: Include when a guarantor is required for the subtenant's obligations

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the subleased premises including floor plans

2. Schedule 2 - Head Lease: Copy or relevant excerpts of the head lease

3. Schedule 3 - Rent and Payment Schedule: Detailed breakdown of rent, payment dates, and escalation terms

4. Schedule 4 - Condition Report: Documentation of premises condition at commencement

5. Schedule 5 - Building Rules and Regulations: Applicable building rules and regulations

6. Schedule 6 - Permitted Alterations: Pre-approved alterations or improvements if any

7. Schedule 7 - Service Charges: Breakdown of service charges and calculation method

8. Appendix A - Plans and Drawings: Floor plans, layout drawings, and relevant architectural plans

9. Appendix B - Handover Inventory: List of fixtures, fittings, and equipment included in the sublease

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses



































Relevant Industries

Real Estate

Retail

Professional Services

Financial Services

Technology

Manufacturing

Healthcare

Hospitality

Education

Logistics

Media and Entertainment

Consulting

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Risk and Compliance

Corporate Services

Administration

Procurement

Property Management

Relevant Roles

Real Estate Manager

Legal Counsel

Property Manager

Facilities Manager

Commercial Director

Chief Financial Officer

Operations Manager

Asset Manager

Compliance Officer

Risk Manager

Business Development Manager

Commercial Lease Administrator

Property Portfolio Manager

Corporate Services Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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