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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."
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
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
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
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Co-working Spaces
Education Facilities
Healthcare Facilities
Legal
Real Estate
Property Management
Facilities Management
Operations
Compliance
Asset Management
Business Development
Administrative Services
Risk Management
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
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