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Sublease Contract Agreement
"I need a Sublease Contract Agreement for my retail space in Makati City, Philippines, where I want to sublease 200 square meters of my leased commercial space to a coffee shop business for a 2-year term starting March 1, 2025, with an option to renew for one additional year."
1. Parties: Identification of all parties: Master Landlord, Original Tenant (Sublessor), and Subtenant (Sublessee), including their complete legal names and addresses
2. Background: Context of the sublease arrangement, including reference to the master lease and confirmation of the master landlord's consent
3. Definitions: Key terms used throughout the agreement, including 'Premises', 'Term', 'Master Lease', etc.
4. Grant of Sublease: Formal statement of the sublease grant and description of the subleased premises
5. Term and Renewal: Duration of the sublease, commencement date, expiration date, and any renewal options
6. Rent and Security Deposit: Payment terms, amount, due dates, security deposit details, and payment methods
7. Use of Premises: Permitted uses of the property and any restrictions
8. Maintenance and Repairs: Responsibilities for maintaining and repairing the premises
9. Utilities and Services: Responsibility for utilities, services, and related expenses
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Default and Remedies: Events of default and corresponding remedies available to parties
12. Relationship to Master Lease: Acknowledgment of master lease terms and confirmation that sublease is subject to master lease
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Execution: Signature blocks for all parties, including notarization requirements
1. Fit-out and Alterations: Terms regarding modifications to the premises, used when alterations are permitted
2. Assignment and Further Subletting: Rights and restrictions regarding further assignment or subletting, if allowed
3. Option to Purchase: Terms for potential purchase of the property, if such option is offered
4. Parking Rights: Details of parking arrangements, if applicable to the property
5. Common Areas: Rights and obligations regarding common areas, for commercial or multi-unit properties
6. Special Use Provisions: Specific terms for particular uses (e.g., commercial, industrial), when applicable
7. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
8. Environmental Compliance: Environmental obligations and compliance requirements, particularly for commercial/industrial properties
1. Schedule A - Property Description: Detailed description of the subleased premises, including floor plans and measurements
2. Schedule B - Master Lease: Copy or relevant excerpts of the master lease agreement
3. Schedule C - Inventory List: Inventory of furniture, fixtures, and equipment included in the sublease
4. Schedule D - Condition Report: Detailed report of the premises condition at commencement of sublease
5. Schedule E - House Rules: Building or property rules and regulations
6. Appendix 1 - Master Landlord's Consent: Written consent from the master landlord for the sublease arrangement
7. Appendix 2 - Payment Schedule: Detailed breakdown of rent, utilities, and other payment obligations
8. Appendix 3 - Maintenance Schedule: Schedule of regular maintenance responsibilities and procedures
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Mixed-Use Development
Shopping Centers
Warehousing
Manufacturing
Small Business
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Risk Management
Property Management
Asset Management
Business Development
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Real Estate Attorney
Leasing Manager
Asset Manager
Property Administrator
Contract Administrator
Real Estate Agent
Business Development Manager
Operations Manager
Compliance Officer
Risk Manager
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