Document background
The Sub Lease Agreement is utilized when a tenant wishes to transfer part or all of their leasehold interest to another party while maintaining their original lease with the head landlord. This arrangement is common in commercial settings where businesses need to optimize their space usage or reduce costs. The document must carefully balance the interests of all three parties - head landlord, tenant (as sub-landlord), and sub-tenant - while ensuring compliance with Irish property law and the original head lease terms. It typically requires explicit consent from the head landlord and must address key aspects such as rent payments, maintenance responsibilities, insurance requirements, and permitted use of the property. The agreement is particularly relevant in Ireland's dynamic commercial property market, where flexibility in property arrangements is increasingly important for business operations.
