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Commercial Real Estate Sublease Agreement
"I need a Commercial Real Estate Sublease Agreement for subletting 5,000 square feet of my tech company's office space in downtown Seattle to a startup, with the sublease starting March 1, 2025, including specific provisions for shared conference rooms and IT infrastructure."
1. Parties: Identifies and provides full legal details of the sublandlord and subtenant, with reference to the original landlord
2. Background: Explains the context of the sublease, including reference to the master lease and the sublandlord's authority to sublease
3. Definitions: Defines key terms used throughout the agreement, including Property, Master Lease, Term, and other relevant terminology
4. Grant of Sublease: Formal statement of the sublease grant, including precise description of the subleased premises
5. Term and Possession: Specifies the duration of the sublease, commencement date, end date, and possession details
6. Rent and Other Payments: Details base rent, payment schedule, security deposit, and other financial obligations
7. Use of Premises: Specifies permitted uses of the property and any restrictions
8. Maintenance and Repairs: Outlines responsibilities for property maintenance, repairs, and improvements
9. Utilities and Services: Addresses responsibility for utilities, services, and related expenses
10. Insurance and Liability: Specifies required insurance coverage and liability obligations
11. Assignment and Further Subletting: States whether further assignment or subletting is permitted and under what conditions
12. Default and Remedies: Defines events of default and available remedies
13. Relationship to Master Lease: Establishes the relationship between the sublease and master lease, including incorporation of terms
14. Termination: Details circumstances and procedures for termination
15. Governing Law and Dispute Resolution: Specifies applicable law and methods for resolving disputes
1. Broker Representation: Required if real estate brokers were involved in the transaction
2. Environmental Matters: Needed for properties with potential environmental concerns or specific requirements
3. Parking: Include when parking spaces are part of the sublease
4. Signage Rights: Include when addressing subtenant's rights to install exterior or interior signage
5. Operating Expenses: Required for triple net (NNN) or modified gross leases
6. Build-Out and Improvements: Include when subtenant will be making significant modifications to the space
7. Security Systems: Include when addressing specific security requirements or systems
8. Original Landlord's Consent: Required when master lease requires landlord's consent to sublease
1. Schedule A - Property Description: Detailed description of the subleased premises, including floor plans and measurements
2. Schedule B - Master Lease: Copy of the master lease agreement
3. Schedule C - Rent Schedule: Detailed breakdown of rent payments, escalations, and other financial terms
4. Schedule D - Building Rules and Regulations: Specific rules and regulations governing the use of the property
5. Schedule E - Service Level Agreement: Details of services provided by sublandlord or building management
6. Schedule F - Condition Report: Documentation of the premises condition at commencement of sublease
7. Schedule G - Insurance Requirements: Detailed insurance requirements and specifications
8. Appendix 1 - Original Landlord's Consent: Written consent from the original landlord for the sublease
9. Appendix 2 - Fit-Out Specifications: Details of any agreed-upon improvements or modifications to the premises
Authors
Additional Rent
Base Rent
Building
Business Days
Common Areas
Commencement Date
Default
Effective Date
Expiration Date
Force Majeure
Hazardous Materials
Improvements
Insurance Requirements
Landlord's Consent
Master Lease
Master Landlord
Notice
Operating Expenses
Permitted Use
Premises
Property
Real Estate Taxes
Rent
Security Deposit
Service Charges
Sublandlord
Sublease Term
Subtenant
Subtenant's Share
Term
Termination Date
Utilities
Working Hours
Building Rules and Regulations
Common Area Maintenance Charges
Governing Law
Material Breach
Occupancy Date
Original Lease
Parties
Quiet Enjoyment
Renewal Option
Structural Elements
Transfer
Recitals
Definitions
Grant of Sublease
Term
Rent
Security Deposit
Use of Premises
Condition of Premises
Alterations
Maintenance and Repairs
Utilities
Insurance
Indemnification
Assignment and Subletting
Access Rights
Compliance with Laws
Environmental Matters
Default and Remedies
Subordination
Quiet Enjoyment
Force Majeure
Notice
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Waiver
Relationship to Master Lease
Landlord's Consent
Property Tax
Common Areas
Building Services
Signage Rights
Parking
Security
Surrender
Holdover
Brokers
Representations and Warranties
Casualty and Condemnation
Rules and Regulations
Operating Expenses
Early Termination
Retail
Professional Services
Technology
Healthcare
Manufacturing
Financial Services
Hospitality
Education
Non-profit Organizations
Media and Entertainment
Logistics and Distribution
Research and Development
Legal
Finance
Operations
Facilities Management
Risk Management
Real Estate
Administration
Procurement
Corporate Services
Business Development
Chief Financial Officer
Real Estate Manager
Facilities Manager
Property Manager
Operations Director
Legal Counsel
Risk Manager
Business Development Manager
Office Manager
Corporate Real Estate Director
Procurement Manager
Asset Manager
Space Planning Manager
Relocation Manager
Company Secretary
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