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Sublease Contract
"I need a Sublease Contract for a commercial office space in Lahore, Pakistan, where I plan to sublease 2,000 square feet to a technology startup for a 2-year term starting March 1, 2025, with quarterly rent reviews and an option to extend for one additional year."
1. Parties: Identification of the head tenant (sublessor) and subtenant (sublessee), including full legal names, addresses, and contact details
2. Background: Context of the sublease, including reference to the master lease and confirmation of head landlord's consent if required
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the subleased property, including its location, boundaries, and any included fixtures/fittings
5. Term and Possession: Duration of the sublease, commencement date, and conditions for possession
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for retention and return of the security deposit
8. Utilities and Maintenance: Responsibilities for utilities, maintenance, repairs, and upkeep of the premises
9. Use of Premises: Permitted uses of the property and any restrictions
10. Sublessee Obligations: Key responsibilities and obligations of the sublessee
11. Sublessor Obligations: Key responsibilities and obligations of the sublessor
12. Insurance: Required insurance coverage and responsibilities for obtaining and maintaining insurance
13. Default and Remedies: Events of default and available remedies for both parties
14. Termination: Conditions and procedures for early termination
15. Governing Law: Specification of Pakistani law as governing law and jurisdiction
16. Notices: Process and addresses for serving formal notices under the agreement
1. Head Landlord's Consent: Detailed terms of the head landlord's consent when required by the master lease
2. Alterations and Improvements: Include when sublessee is permitted to make changes to the premises
3. Assignment and Further Subletting: Include when further subletting or assignment rights are granted
4. Shared Facilities: Include when the sublease includes access to common areas or shared facilities
5. Break Clause: Include when early termination options are available to either party
6. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
7. Environmental Matters: Include for commercial properties or when environmental compliance is crucial
8. Parking: Include when parking spaces are part of the sublease
1. Schedule 1 - Plan of Premises: Detailed floor plan or map of the subleased premises
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the sublease
3. Schedule 3 - Service Charges: Breakdown of any service charges and maintenance fees
4. Schedule 4 - Master Lease: Copy of the head lease agreement
5. Schedule 5 - Condition Report: Detailed report on the condition of the premises at the start of the sublease
6. Schedule 6 - House Rules: Building regulations or complex rules applicable to the premises
7. Appendix A - Head Landlord's Consent Letter: Written consent from the head landlord for the sublease
8. Appendix B - Special Conditions: Any special terms or conditions specific to this sublease
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Manufacturing
Legal
Real Estate
Facilities Management
Operations
Risk & Compliance
Property Management
Asset Management
Administration
Finance
Procurement
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Lease Administrator
Asset Manager
Property Owner
Business Owner
Operations Manager
Commercial Director
Real Estate Director
Compliance Officer
Contract Manager
Risk Manager
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