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Sublet Tenancy Agreement
"I need a Sublet Tenancy Agreement for my two-bedroom apartment in Makati City, which I plan to sublet to a foreign executive for 12 months starting March 1, 2025, with specific provisions for early termination and maintenance of high-end appliances."
1. Parties: Identifies all parties: the original tenant (sub-lessor), the subtenant (sub-lessee), and acknowledges the superior landlord
2. Background: Establishes the context of the original lease and the right to sublet
3. Definitions: Defines key terms used throughout the agreement including Property, Original Lease, Term, Rent, etc.
4. Grant of Sublease: Formal grant of the sublease and specification of the property or portion being sublet
5. Term and Renewal: Duration of the sublease and any renewal options, ensuring it doesn't exceed the original lease term
6. Rent and Payment Terms: Specifies rent amount, payment schedule, method of payment, and any escalation clauses
7. Security Deposit: Details of the security deposit amount, terms of holding, and conditions for return
8. Utilities and Other Charges: Responsibility for utility payments and other associated costs
9. Use of Property: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities for maintenance and repairs between sub-lessor and subtenant
11. Sublessee Obligations: Key obligations including compliance with original lease terms and building regulations
12. Sub-lessor Obligations: Sub-lessor's duties including maintaining the original lease and passing on notices
13. Insurance: Insurance requirements for both parties
14. Default and Remedies: Consequences of breach and available remedies
15. Termination: Grounds and process for early termination
16. Governing Law: Specifies Philippine law as governing law and jurisdiction
17. Execution: Signature blocks and execution requirements
1. Superior Landlord's Consent: Required if the original lease mandates landlord's consent for subletting
2. Fit-out Works: Include if subtenant is permitted to make alterations or improvements
3. Common Areas: Required if the property is part of a larger building with shared facilities
4. Pest Control: Include in tropical locations or if there's a history of pest issues
5. Natural Disasters: Include specific provisions for typhoons and natural disasters common in the Philippines
6. Option to Purchase: Include if subtenant is given any option to purchase the lease rights
7. Guarantor Provisions: Required if a guarantor is needed for the subtenant's obligations
1. Schedule 1 - Property Description: Detailed description of the sublet property including floor plans and boundaries
2. Schedule 2 - Original Lease: Copy or relevant excerpts of the original lease agreement
3. Schedule 3 - Inventory and Condition Report: Detailed inventory and condition of the property and any furnishings
4. Schedule 4 - House Rules: Building or development rules and regulations if applicable
5. Schedule 5 - Utilities Reading: Initial meter readings for utilities at handover
6. Schedule 6 - Fit-out Guidelines: If applicable, guidelines for any permitted alterations or improvements
7. Appendix A - Superior Landlord's Consent: Written consent from the superior landlord if required
Authors
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Mixed-Use Development
Student Housing
Corporate Housing
Small Business
Legal
Real Estate
Facilities Management
Property Management
Operations
Administrative Services
Housing Services
Asset Management
Tenant Relations
Compliance
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Paralegal
Housing Officer
Tenant Relations Manager
Leasing Manager
Real Estate Agent
Property Administrator
Building Manager
Corporate Housing Manager
Residential Services Coordinator
Asset Manager
Operations Manager
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