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Subtenant Lease
"I need a Subtenant Lease agreement for subletting my commercial office space in Mumbai to a tech startup for 11 months starting January 2025, with an option to renew for an additional year."
1. Parties: Identification of all parties: original landlord, head tenant (sublessor), and subtenant (sublessee), including their complete contact details
2. Background: Context of the sublease, including reference to the master lease and confirmation of landlord's consent to sublease
3. Definitions: Definitions of key terms used throughout the agreement, including 'Premises', 'Master Lease', 'Term', 'Rent', etc.
4. Grant of Sublease: Formal grant of sublease, specifying the premises and permitted use
5. Term and Renewal: Duration of sublease, commencement date, end date, and any renewal options
6. Rent and Security Deposit: Rent amount, payment schedule, security deposit details, and payment methods
7. Utilities and Maintenance: Responsibility for utilities, maintenance obligations, and repair responsibilities
8. Subtenant's Covenants: Obligations and promises of the subtenant, including compliance with master lease terms
9. Head Tenant's Covenants: Obligations and promises of the head tenant
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Default and Remedies: Events of default and available remedies for both parties
12. Termination: Grounds for termination and the process to be followed
13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
14. Notices: Process and addresses for serving formal notices under the agreement
1. Shared Facilities: Include when the subtenant has access to common areas or shared facilities, detailing usage rights and restrictions
2. Furniture and Fixtures: Include when the premises is being sublet furnished, with reference to inventory schedule
3. Alterations and Improvements: Include when subtenant is permitted to make changes to the premises
4. Assignment and Further Subletting: Include when there's a need to explicitly address whether further subletting is permitted
5. Break Clause: Include when early termination options are to be provided to either party
6. Force Majeure: Include when parties want to address unforeseen circumstances affecting lease obligations
7. Pest Control: Include in residential subleases where pest control responsibilities need to be specifically addressed
8. Property Management Rules: Include when the property is part of a managed complex with specific rules
1. Schedule 1 - Property Description: Detailed description of the subleased premises, including floor plan and boundaries
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent, including any scheduled increases
3. Schedule 3 - Inventory List: List of furniture, fixtures, and fittings included in the sublease
4. Schedule 4 - Master Lease Terms: Relevant excerpts from the master lease that apply to the subtenant
5. Schedule 5 - House Rules: Building or society rules applicable to the premises
6. Schedule 6 - Condition Report: Detailed report of the condition of the premises at the start of the sublease
7. Appendix A - Landlord's Consent: Copy of the original landlord's written consent to the sublease
8. Appendix B - Insurance Requirements: Detailed insurance requirements for both parties
Authors
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Co-working
Hospitality
Industrial
Educational Institutions
Healthcare
Legal
Real Estate
Facilities Management
Operations
Compliance
Administration
Property Management
Asset Management
Risk Management
Contract Administration
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Lease Administrator
Asset Manager
Operations Manager
Real Estate Director
Compliance Officer
Contract Manager
Housing Officer
Property Administrator
Real Estate Analyst
Tenant Relations Manager
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