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Sublease Contract Agreement
"I need a Sublease Contract Agreement for subletting half of my commercial office space in Auckland CBD to a tech startup, with the sublease term starting March 1, 2025, including specific provisions for shared meeting rooms and after-hours access."
1. Parties: Identifies and provides full details of the head tenant (sublessor) and subtenant (sublessee)
2. Background: Explains the context of the sublease, including reference to the head lease and confirmation of authority to sublease
3. Definitions: Defines key terms used throughout the agreement
4. Grant of Sublease: Formally establishes the sublease arrangement and specifies the subleased premises
5. Term and Renewal: Specifies the duration of the sublease and any renewal options
6. Rent and Operating Expenses: Details the rent amount, payment terms, and responsibility for operating expenses
7. Security Deposit: Specifies the security deposit amount and terms
8. Use of Premises: Defines permitted uses of the property and any restrictions
9. Maintenance and Repairs: Outlines responsibilities for maintenance, repairs, and alterations
10. Insurance and Liability: Specifies insurance requirements and liability allocation
11. Default and Remedies: Details what constitutes default and available remedies
12. Head Lease Obligations: Incorporates relevant head lease terms and ensures compliance
13. General Provisions: Includes standard contract clauses like notices, governing law, and dispute resolution
1. Fit-out Works: Include when the subtenant will be performing initial fit-out or modifications to the premises
2. Car Parking: Include when car parking spaces are part of the sublease arrangement
3. Signage Rights: Include for commercial properties where subtenant signage is permitted
4. Common Areas: Include for properties with shared facilities or common areas
5. Assignment and Further Subletting: Include if the subtenant may be permitted to assign or further sublease
6. Break Clause: Include if early termination options are to be provided
7. Green Lease Provisions: Include for properties with environmental sustainability requirements
8. Retail-Specific Provisions: Include for retail premises, covering trading hours, competition restrictions
1. Schedule 1 - Premises Plan: Detailed plan or drawing of the subleased premises
2. Schedule 2 - Head Lease: Copy of the head lease agreement
3. Schedule 3 - Rent Review Schedule: Details of rent review dates and mechanisms
4. Schedule 4 - Condition Report: Detailed report on the condition of the premises at commencement
5. Schedule 5 - Building Rules: Building rules and regulations applicable to the premises
6. Schedule 6 - Outgoings Schedule: Detailed breakdown of operating expenses and outgoings
7. Appendix A - Head Landlord's Consent: Written consent from the head landlord for the sublease
8. Appendix B - Fit-out Specifications: Detailed specifications for any approved fit-out works
Authors
Commercial Real Estate
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Technology
Manufacturing
Professional Services
Warehousing
Creative Industries
Legal
Property Management
Facilities Management
Operations
Real Estate
Risk and Compliance
Corporate Services
Administration
Finance
Business Development
Property Manager
Facilities Manager
Legal Counsel
Real Estate Manager
Operations Manager
Business Development Manager
Commercial Lease Administrator
Asset Manager
Property Administrator
Compliance Officer
Risk Manager
Corporate Services Manager
Office Manager
Store Manager
Regional Manager
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