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License To Sublet Template for Hong Kong

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Key Requirements PROMPT example:

License To Sublet

"I need a License to Sublet agreement for a commercial office space in Central, Hong Kong, where I want to sublet 50% of my leased premises to a tech startup for a 12-month period starting March 1, 2025, with an option to extend for another 6 months."

Document background
The License to Sublet is essential in situations where an existing tenant wishes to transfer partial or full occupation rights to another party while maintaining their original lease agreement. This document is commonly used in Hong Kong's dynamic property market for both commercial and residential properties. It addresses key aspects such as consent requirements, financial terms, duration, and compliance with the original lease terms. The document must conform to Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance, and typically requires the original landlord's consent. It's crucial for managing property rights and obligations in situations where the original tenant needs to share or transfer their leased space while remaining ultimately responsible under the head lease.
Suggested Sections

1. Parties: Identification of all parties: original tenant (licensee), subtenant (sublicensee), and reference to the original landlord

2. Background: Context of the agreement, including reference to the original lease and the intention to sublet

3. Definitions: Definition of key terms used throughout the agreement

4. Grant of License: Formal grant of subletting rights and specification of the premises being sublet

5. Term and Termination: Duration of the subletting arrangement and conditions for termination

6. Rent and Payment Terms: Financial terms including rent amount, payment schedule, and security deposit

7. Use of Premises: Permitted use of the premises and any restrictions

8. Tenant Obligations: Responsibilities of the subtenant including maintenance, utilities, and compliance with rules

9. Original Tenant's Obligations: Continuing obligations of the original tenant to both subtenant and original landlord

10. Insurance and Liability: Insurance requirements and allocation of liability between parties

11. Compliance with Head Lease: Requirement to comply with original lease terms

12. Governing Law: Specification of Hong Kong law as governing law

13. Execution: Signature blocks and execution details

Optional Sections

1. Consent of Original Landlord: To be included when original landlord's explicit consent is required and obtained

2. Furniture and Fittings: To be included when the sublet premises includes furniture or fittings

3. Alterations and Improvements: When subtenant is permitted to make changes to the premises

4. Building Management Rules: When there are specific building rules that need to be highlighted

5. Break Clause: When early termination options are to be included

6. Security Measures: When specific security arrangements or access controls need to be detailed

7. Utilities and Services: When specific arrangements for utilities payment or service charges need to be detailed

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the premises being sublet, including floor plan if available

2. Schedule 2 - Original Lease: Copy or key terms of the original lease agreement

3. Schedule 3 - Inventory: List of furniture, fixtures, and fittings included in the sublet (if applicable)

4. Schedule 4 - Building Rules: Copy of building management rules and regulations

5. Schedule 5 - Payment Schedule: Detailed breakdown of rent, deposits, and other financial obligations

6. Appendix A - Consent Letter: Original landlord's written consent to the subletting arrangement

7. Appendix B - Condition Report: Documentation of the condition of the premises at the start of the subletting

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Office Space

Industrial

Hospitality

Co-working Spaces

Education Facilities

Healthcare Facilities

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Compliance

Asset Management

Business Development

Administrative Services

Risk Management

Relevant Roles

Property Manager

Facilities Manager

Legal Counsel

Real Estate Manager

Tenant Relations Manager

Commercial Lease Administrator

Property Operations Director

Asset Manager

Real Estate Attorney

Compliance Officer

Business Operations Manager

Space Planning Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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