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Sublet Lease
"I need a Sublet Lease for my London office space where I want to sublet two floors to a tech company for 3 years starting March 2025, with an option to extend for 2 more years and quarterly rent reviews."
1. Parties: Identifies the head landlord, tenant (as sublandlord), and subtenant
2. Background: Details of the head lease and context for the sublease
3. Definitions: Key terms used throughout the document including relevant legislation references
4. Demise: Description of the property being sublet and the grant of the sublease
5. Term: Duration of the sublease and any conditions for extension
6. Rent and Payment Terms: Rent amount, payment schedule, and review provisions
7. Tenant Covenants: Subtenant's obligations under the lease including repair, maintenance, and compliance with head lease terms
8. Landlord Covenants: Sublandlord's obligations under the lease including quiet enjoyment and insurance
9. Insurance: Insurance obligations and requirements for both parties
10. Assignment and Underletting: Restrictions and conditions for further assignment or subletting
1. Break Clause: Early termination provisions, including notice periods and conditions
2. Service Charge Provisions: Details of service charges, calculations, and payment obligations
3. Alterations and Improvements: Rights and restrictions regarding property modifications
4. Rent Review: Mechanisms and timing for rent reviews during the term
5. Environmental Matters: Environmental obligations and EPC requirements
1. Schedule 1: Property Description: Detailed description and plans of the sublet property
2. Schedule 2: Rights Granted: Specific rights granted to the subtenant including access and use of common areas
3. Schedule 3: Head Lease Terms: Relevant terms from the head lease that apply to the sublease
4. Schedule 4: Rent Review Provisions: Detailed procedures for rent review if applicable
5. Schedule 5: Service Charge Schedule: Breakdown of service charges and calculation methodology
6. Appendix 1: Plans: Floor plans and property drawings
7. Appendix 2: Inventory: List of fixtures, fittings, and contents included in the sublease
Authors
Commencement Date
Common Parts
Consent
Deposit
Head Landlord
Head Lease
Initial Rent
Insurance Rent
Landlord's Fixtures
Permitted Use
Planning Acts
Premium
Property
Rent
Rent Payment Dates
Review Date
Service Charge
Service Media
Sublandlord
Subtenant
Superior Landlord
Term
Termination Date
Title Matters
VAT
Working Day
Term and Possession
Rent and Payment
Service Charge
Insurance
Repair and Maintenance
Alterations and Improvements
Use Restrictions
Assignment and Subletting
Utilities and Outgoings
Quiet Enjoyment
Default and Forfeiture
Break Rights
Yielding Up
Notices
Access Rights
Compliance with Head Lease
Planning and Statutory Requirements
Environmental Matters
Landlord's Covenants
Tenant's Covenants
Security Deposit
VAT
Costs
Governing Law and Jurisdiction
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