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Master Tenant Subtenant Agreement
"I need a Master Tenant Subtenant Agreement for subletting my commercial office space in central London to a tech startup, with the sublease term starting from March 2025 and including specific provisions for shared meeting rooms and IT infrastructure."
1. Parties: Identifies and defines the master tenant and subtenant
2. Background: Explains the context of the agreement and master lease details
3. Definitions: Defines key terms used throughout the agreement including references to relevant legislation
4. Demise: Details of the property being sublet including extent and any exclusions
5. Term: Duration of the sublease and any continuation provisions
6. Rent and Payment Terms: Rent amount, payment schedule, methods, and review provisions
7. Tenant Obligations: Subtenant's responsibilities including maintenance, use, and compliance with head lease terms
8. Master Tenant Obligations: Master tenant's responsibilities including services and maintaining head lease compliance
9. Termination Provisions: Conditions and procedures for ending the agreement including notice requirements
1. Break Clause: Optional provisions for early termination of the agreement by either party
2. Service Charges: Additional charges for services and shared facilities maintenance
3. Alterations: Provisions regarding permitted and prohibited modifications to the property
4. Subletting Provisions: Terms governing any further subletting or sharing occupation of the property
1. Schedule 1: Property Description: Detailed description of the sublet property including boundaries and features
2. Schedule 2: Inventory: Comprehensive list of fixtures, fittings, and contents included in the sublease
3. Schedule 3: Head Lease Terms: Relevant terms from the master lease that affect the sublease
4. Schedule 4: Service Charges: Detailed breakdown of service charges and payment calculations
5. Appendix A: Property Plans: Floor plans and property layouts showing the extent of the sublease
6. Appendix B: Photographs: Documentary photographs showing property condition at commencement
Authors
Building
Common Parts
Consent
Deposit
Head Landlord
Head Lease
Initial Term
Interest Rate
Master Tenant
Permitted Use
Premium
Property
Rent
Rent Payment Date
Service Charge
Service Media
Sublease
Subtenant
Term
Termination Date
VAT
Working Day
Utilities
Insurance Rent
Planning Acts
Relevant Encumbrances
Schedule of Condition
Statutory Requirements
Superior Lease
Term and Renewal
Rent and Payment
Deposit
Service Charges
Insurance
Utilities and Outgoings
Repairs and Maintenance
Alterations and Improvements
Use and Occupation
Assignment and Subletting
Quiet Enjoyment
Landlord Access
Compliance with Head Lease
Tenant Covenants
Master Tenant Covenants
Termination
Break Rights
Yielding Up
Notices
Costs
VAT
Indemnity
Force Majeure
Dispute Resolution
Entire Agreement
Severability
Governing Law
Health and Safety
Environmental Matters
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