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Commercial Sublease
"I need a Commercial Sublease agreement for subletting 2,000 square feet of my tech office space in Lahore's Defence Housing Authority to a software development company, with the sublease term starting from March 1, 2025, including provisions for shared conference rooms and IT infrastructure."
1. Parties: Identification of the sublessor (current tenant) and sublessee, including full legal names and addresses
2. Background: Context of the sublease, including reference to the master lease and confirmation of authority to sublease
3. Definitions: Key terms used throughout the agreement, including Property, Term, Permitted Use, etc.
4. Grant of Sublease: Formal statement of the sublease grant and description of the subleased premises
5. Term: Duration of the sublease, including commencement and expiration dates
6. Rent and Other Payments: Rent amount, payment schedule, security deposit, and other financial obligations
7. Use of Premises: Permitted commercial uses of the property and any restrictions
8. Maintenance and Repairs: Responsibilities of each party for maintaining and repairing the premises
9. Utilities and Services: Responsibility for utilities, services, and related costs
10. Insurance: Required insurance coverage for both parties
11. Assignment and Further Subletting: Restrictions and conditions for any further assignment or subletting
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and procedures for termination of the sublease
14. Governing Law: Specification of Pakistani law as governing law and jurisdiction
1. Alterations and Improvements: Terms for making changes to the premises, used when alterations are likely to be needed
2. Signage Rights: Rules regarding external and internal signage, relevant for retail or branded commercial spaces
3. Parking: Allocation of parking spaces, if available and relevant to the property
4. Common Areas: Rights and obligations regarding shared spaces, relevant for properties in multi-tenant buildings
5. Environmental Matters: Environmental compliance requirements, particularly important for industrial or manufacturing use
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
7. Option to Renew: Terms for extending the sublease, if such option is granted
8. Right of First Refusal: Sublessee's rights to lease additional space, if applicable
9. Guarantee: Personal or corporate guarantee provisions, if required by sublessor
1. Schedule A - Floor Plan: Detailed plan showing the subleased premises and any exclusive/common areas
2. Schedule B - Master Lease: Copy of the original lease agreement between the primary landlord and sublessor
3. Schedule C - Rent Schedule: Detailed breakdown of rent payments, including any escalations
4. Schedule D - Fit-out Specifications: Details of any agreed modifications or improvements to the premises
5. Schedule E - Building Rules: Building regulations and operational guidelines
6. Schedule F - Inventory: List of any furniture, fixtures, or equipment included in the sublease
7. Schedule G - Service Charges: Breakdown of additional charges and maintenance fees
8. Appendix 1 - Landlord's Consent: Written consent from the primary landlord for the sublease
9. Appendix 2 - Condition Report: Documentation of the premises' condition at commencement
Authors
Retail
Office Space
Industrial
Warehousing
Technology
Healthcare
Professional Services
Food and Beverage
Manufacturing
Education
Financial Services
Logistics
Entertainment
Hospitality
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Business Development
Property Management
Asset Management
Administration
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Business Development Manager
Operations Director
Chief Financial Officer
Commercial Director
Leasing Manager
Risk Manager
Compliance Officer
Asset Manager
Branch Manager
Regional Manager
Contract Administrator
Corporate Real Estate Manager
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