Lease And Sublease Agreement for the United States
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Lease And Sublease Agreement
"I need a Lease and Sublease Agreement for my commercial office space in downtown Chicago, where I'll be the primary tenant subleasing 60% of the space to a tech startup while retaining the remaining space, with the arrangement to begin March 1, 2025."
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1. Parties: Identification of lessor, lessee, and sublessee including legal names and addresses
2. Background: Context of the lease arrangement and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Premises: Detailed description of the leased property
5. Term: Duration of lease and sublease, including commencement and termination dates
6. Rent and Payment Terms: Rental amount, payment schedule, and methods
7. Security Deposit: Amount, terms, and conditions for return
8. Use of Premises: Permitted uses and restrictions
9. Maintenance and Repairs: Responsibilities of each party
10. Insurance Requirements: Required coverage and responsibilities
1. Utilities and Services: Responsibility for utilities and services when not included in rent
2. Alterations and Improvements: Rules regarding modifications to the property when improvements might be needed or allowed
3. Parking: Parking rights and restrictions when property includes parking facilities
4. Pet Policy: Rules regarding pets on premises when pets are allowed or restricted
5. Assignment and Further Subletting: Rights to further assign or sublet when further subletting might be considered
1. Schedule A - Property Description: Detailed description of premises including floor plans
2. Schedule B - Inventory: List of fixtures, fittings, and furnishings included
3. Schedule C - Service Charges: Breakdown of any additional charges
4. Schedule D - House Rules: Building or property specific rules and regulations
5. Appendix 1 - Lead-Based Paint Disclosure: Required for properties built before 1978
6. Appendix 2 - Insurance Certificates: Copies of required insurance policies
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