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License To Sublet
"I need a License to Sublet agreement for my commercial office space in Sydney CBD, where I want to sublet two floors to a tech startup for 18 months starting March 2025, with specific provisions for shared meeting rooms and after-hours access."
1. Parties: Identification of all parties: Head Landlord, Original Tenant (Sublessor), and Subtenant
2. Background: Context of the subletting arrangement, reference to head lease, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Formal grant of subletting rights and specific permissions granted
5. Term and Renewal: Duration of the subletting arrangement and any renewal options
6. Rent and Payment Terms: Subletting fees, payment schedule, and payment methods
7. Security Deposit: Details of security deposit amount, holding, and conditions for return
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities for property maintenance and repairs
10. Compliance with Head Lease: Subtenant's obligations to comply with head lease terms
11. Insurance Requirements: Insurance obligations of all parties
12. Default and Remedies: Events of default and available remedies
13. Termination: Conditions and procedures for termination
14. Dispute Resolution: Process for resolving disputes between parties
1. Utilities and Services: Include when utilities are not included in rent or require specific arrangements
2. Alterations and Improvements: Include when subtenant is permitted to make changes to the premises
3. Special Conditions: Include when there are property-specific requirements or restrictions
4. Common Areas: Include for properties with shared facilities or common areas
5. Subletting and Assignment: Include if further subletting might be permitted
6. Environmental Matters: Include for properties with specific environmental requirements or concerns
7. Building Rules: Include for properties within managed buildings or complexes
8. Parking and Storage: Include when specific parking or storage arrangements are part of the agreement
1. Schedule 1 - Property Details: Detailed description of the subleased premises
2. Schedule 2 - Head Lease Terms: Key terms from the head lease that affect the subletting arrangement
3. Schedule 3 - Rent and Payment Schedule: Detailed breakdown of rent, payment dates, and other financial terms
4. Schedule 4 - Condition Report: Detailed report of the property's condition at the start of subletting
5. Schedule 5 - Building Rules and Regulations: Specific rules and regulations applicable to the property
6. Appendix A - Head Landlord's Consent: Written consent from the head landlord for the subletting arrangement
7. Appendix B - Floor Plan: Plans showing the subleased area and any exclusive/common areas
8. Appendix C - Inventory List: List of any furnishings or equipment included in the sublease
Authors
Building
Business Day
Commencement Date
Common Areas
Consent
Expiry Date
Head Landlord
Head Lease
License Fee
Licensed Area
Outgoings
Permitted Use
Premises
Property
Related Entity
Rent
Security Deposit
Services
Sublessor
Subtenant
Term
Utilities
Working Hours
Building Manager
Building Rules
Condition Report
Force Majeure Event
GST
Guarantor
Insurance Requirements
Notice
Payment Date
Renewal Period
Review Date
Subletting Period
Termination Date
Default Event
Governing Law
Permitted Occupants
Grant of License
Term
Payment
Security Deposit
Use of Premises
Access Rights
Common Areas
Maintenance and Repairs
Alterations
Insurance
Utilities and Services
Compliance
Assignment and Subletting
Default
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Confidentiality
Indemnification
Representations and Warranties
Head Lease Obligations
Property Rules
Health and Safety
Environmental Compliance
Liability
Building Services
Security
Quiet Enjoyment
Relationship of Parties
Severability
Entire Agreement
Variation
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Professional Services
Education
Healthcare
Manufacturing
Logistics
Technology
Coworking Spaces
Legal
Real Estate
Property Management
Operations
Facilities
Risk and Compliance
Asset Management
Contract Administration
Tenant Relations
Property Administration
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Contract Administrator
Operations Manager
Asset Manager
Tenant Relations Manager
Compliance Officer
Risk Manager
Property Administrator
Building Manager
Real Estate Portfolio Manager
Lease Administrator
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