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Subcontract Lease Agreement
"I need a Subcontract Lease Agreement for subletting a commercial office space in Mumbai to an IT company, with the sublease starting from March 1, 2025, including specific provisions for 24/7 access and modifications for server room installation."
1. Parties: Identifies all parties: the original landlord, the tenant (sub-lessor), and the subtenant, including their legal details and addresses
2. Background: Outlines the existence of the original lease, confirms the sub-lessor's right to sublease, and states the intention to create a sublease
3. Definitions: Defines key terms used throughout the agreement, including Property, Original Lease, Term, Rent, etc.
4. Grant of Sublease: Formal creation of the sublease, specifying the property being subleased and any restrictions
5. Term and Renewal: Duration of the sublease, commencement date, and any renewal options
6. Rent and Security Deposit: Details of rent amount, payment schedule, security deposit, and other financial terms
7. Permitted Use: Specified purposes for which the property may be used by the subtenant
8. Maintenance and Repairs: Responsibilities for property maintenance and repairs between parties
9. Utilities and Outgoings: Responsibility for utility payments and other operating expenses
10. Insurance: Insurance requirements for both sub-lessor and subtenant
11. Compliance with Original Lease: Subtenant's obligations to comply with original lease terms
12. Assignment and Further Subletting: Restrictions on further assignment or subletting
13. Default and Termination: Events of default, remedies, and termination provisions
14. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes
1. Fit-out Works: Include when subtenant is permitted to make alterations or improvements to the property
2. Special Conditions: Include when there are specific requirements or conditions unique to the property or arrangement
3. Environmental Matters: Include for properties where environmental compliance is significant
4. Property Manager: Include when a property manager is appointed to handle day-to-day matters
5. Break Clause: Include when early termination options are available to either party
6. Force Majeure: Include when specific provisions for unforeseen circumstances are required
7. Guarantees: Include when additional security through guarantors is required
1. Schedule 1 - Property Description: Detailed description of the subleased property including floor plans and boundaries
2. Schedule 2 - Original Lease: Copy or key terms of the original lease agreement
3. Schedule 3 - Rent and Payment Terms: Detailed breakdown of rent, escalations, and payment schedules
4. Schedule 4 - Condition Report: Documentation of property condition at commencement of sublease
5. Schedule 5 - House Rules: Building rules and regulations if applicable
6. Appendix A - Landlord's Consent: Written consent from the original landlord for the sublease
7. Appendix B - Handover Inventory: List of fixtures, fittings, and items included in the sublease
Authors
Real Estate
Commercial Property
Retail
Office Space
Industrial
Hospitality
Coworking Spaces
Manufacturing
Warehousing
Information Technology
Education
Healthcare
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Administrative
Property Management
Asset Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Contract Manager
Operations Director
Chief Financial Officer
Business Development Manager
Asset Manager
Tenant Representative
Leasing Manager
Company Secretary
Compliance Officer
Risk Manager
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