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Master Tenant Subtenant Agreement
"I need a Master Tenant Subtenant Agreement for a commercial office space in Manhattan, where I want to sublet 2,000 square feet to a tech startup for 18 months starting March 1, 2025, with quarterly rent payments and specific provisions for after-hours HVAC usage."
1. Parties: Identification of Master Tenant and Subtenant with full legal names and addresses
2. Background: Context of the agreement, including reference to the master lease and property details
3. Definitions: Key terms used throughout the agreement including Property, Master Lease, Term, Rent
4. Grant of Sublease: Formal statement of sublease grant and premises description
5. Term: Duration of sublease, commencement and end dates
6. Rent and Other Charges: Payment terms, amounts, due dates, and additional charges
7. Security Deposit: Amount, terms of holding and return conditions
8. Use of Premises: Permitted use and restrictions
9. Maintenance and Repairs: Responsibilities of each party for upkeep
10. Default and Remedies: Events of default and available remedies
1. Utilities and Services: Responsibility for utilities if not included in rent
2. Alterations: Rights and restrictions regarding modifications to premises
3. Insurance Requirements: Specific insurance obligations of subtenant
4. Assignment and Further Subletting: Rights to assign or further sublet
1. Schedule A - Property Description: Detailed description of subleased premises
2. Schedule B - Master Lease: Copy of master lease agreement
3. Schedule C - Inventory: List of furniture/equipment if included
4. Schedule D - House Rules: Building or property specific rules and regulations
5. Schedule E - Condition Report: Documentation of premises condition at commencement
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