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Sublease Agreement For Commercial Property
"I need a Sublease Agreement For Commercial Property for subleasing part of my retail space (approximately 2,000 sq ft) in Manchester city centre to a café business, with the sublease term starting from March 2025 for 3 years with a break clause after 18 months."
1. Parties: Identification of the head tenant (as sublessor) and subtenant (as sublessee)
2. Background: Details of head lease and context of sublease arrangement
3. Definitions: Key terms used throughout the agreement including Property, Term, Permitted Use, Head Lease
4. Demise: The grant of the sublease, term length, and incorporation of head lease obligations
5. Rent and Payment Terms: Rent amount, payment dates, methods, and any review provisions
6. Tenant Covenants: Sublessee obligations including repair, maintenance, alterations, use restrictions, and compliance with head lease terms
7. Landlord Covenants: Sublessor obligations, warranties, and head lease compliance obligations
8. Insurance: Insurance obligations and requirements for both parties
9. Assignment and Underletting: Restrictions and conditions for further assignment or subletting
10. Termination: Events of default and termination provisions
1. Break Clause: Optional provisions for early termination rights for either or both parties
2. Service Charge: Provisions for shared services and facilities costs, applicable when property is part of larger building
3. Rent Review: Mechanisms for adjusting rent during the term, typically included in longer subleases
4. Alterations: Specific provisions regarding permitted and restricted alterations to the property
5. Security Deposit: Terms regarding any security deposit or rent deposit deed requirements
1. Schedule 1 - Property Plan: Detailed plan showing the demised premises and any shared areas
2. Schedule 2 - Head Lease Terms: Relevant provisions from the head lease that affect the sublease
3. Schedule 3 - Condition Schedule: Documentation of property condition at commencement of sublease
4. Schedule 4 - Rights and Reservations: Detailed list of rights granted and reserved in relation to the property
5. Schedule 5 - Service Charge Provisions: Detailed breakdown of service charge calculations and items covered
6. Appendix 1 - Head Landlord's Consent: Copy of superior landlord's consent to the sublease
7. Appendix 2 - Energy Performance Certificate: Current EPC for the property as required by regulations
Authors
Term
Commencement Date
Termination Date
Head Lease
Head Landlord
Base Rent
Service Charge
Common Areas
Permitted Use
Insurance Rent
Outgoings
Utilities
Sublessee's Fixtures
Alteration
Planning Acts
Repair
Superior Lease
Landlord's Consent
Break Date
Rent Payment Days
Interest Rate
Security Deposit
Schedule of Condition
Contractual Term
Guarantor
Building
Service Media
VAT
Planning Permission
Party Wall
Insured Risks
Conduits
Default Interest
Legislation
Working Day
Lease Period
Rights
Reservations
Environmental Laws
Planning Requirements
Term and Commencement
Rent
Service Charge
Insurance
Repair and Decoration
Alterations
Use Restrictions
Assignment and Subletting
Utilities and Outgoings
Security of Tenure
Break Rights
Quiet Enjoyment
Yielding Up
Landlord's Covenants
Tenant's Covenants
Default and Forfeiture
Indemnities
Planning and Compliance
Health and Safety
Environmental Matters
Access Rights
Common Parts
Notices
VAT
Registration
Costs
Guarantees
Severance
Entire Agreement
Governing Law
Third Party Rights
Dispute Resolution
Force Majeure
Sustainability
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