AI Generated American Commercial Sublease Agreement
Commercial Sublease Agreement
1. Parties and Sublease Information
Identifies the Sublessor, Sublessee, and any Guarantor, states their legal names, entity types, formation states, principal business addresses, and the date of the Sublease.
2. Recitals
Provides background facts, including reference to the Master Lease, the Sublessor’s leasehold interest, and the intention of the parties to enter into a sublease of all or a portion of the Master Premises.
3. Incorporation of Master Lease
Incorporates the terms of the Master Lease into the Sublease, subject to any modifications, and sets forth the Sublessee’s obligation to comply with the Master Lease provisions.
4. Description of Subleased Premises
Defines the exact portion of the Master Premises being subleased, including suite number, floor, rentable square footage, common areas, and a reference to an exhibit containing a floor plan.
5. Term
Specifies the commencement date, expiration date, any early access period, and conditions for extension or renewal options.
6. Rent
Sets forth base rent amounts, rent escalation schedule, payment due dates, acceptable payment methods, and late fee provisions.
7. Additional Rent and Operating Expenses
Details Sublessee’s responsibility for a proportionate share of taxes, insurance, common area maintenance, utilities, and any other pass-through charges.
8. Security Deposit
States the amount, form, timing of payment, conditions for application, and procedures for refund of the security deposit.
9. Use of Premises
Defines the permitted use, prohibits illegal or hazardous activities, and requires compliance with zoning, lease, and law.
10. Condition and Acceptance of Premises
Describes the current condition, any improvements to be completed by Sublessor, and Sublessee’s acknowledgment of acceptance.
11. Alterations and Improvements
Sets conditions under which Sublessee may make alterations, including consent requirements, lien protections, and restoration obligations.
12. Maintenance and Repairs
Allocates responsibility for routine maintenance, repairs, janitorial services, and replacement of fixtures or equipment.
13. Compliance with Laws and Regulations
Requires each party to comply with all applicable statutes, ordinances, environmental laws, ADA requirements, and building rules.
14. Insurance
Specifies required liability, property, and business interruption insurance coverages, limits, naming of additional insureds, and proof of coverage.
15. Indemnification
Provides mutual indemnity obligations for losses, claims, or damages arising from each party’s acts or omissions.
16. Quiet Enjoyment
Grants Sublessee the right to peaceably possess the Premises so long as it is not in default.
17. Access and Inspection
Allows Sublessor, Master Landlord, or their agents to enter the Premises for inspections, repairs, or showing to prospective tenants or purchasers.
18. Signage
Addresses Sublessee’s right to install signage, design standards, approval requirements, and removal obligations.
19. Parking
Sets forth any parking spaces allocated to Sublessee, associated fees, and rules governing use.
20. Common Areas and Building Services
Describes Sublessee’s rights and obligations regarding use of lobbies, corridors, restrooms, elevators, and other shared facilities.
21. Utilities and Services
Allocates payment responsibility and service standards for electricity, water, HVAC, telecommunications, and janitorial services.
22. Environmental Matters
Prohibits storage or release of hazardous materials, requires compliance with environmental laws, and allocates cleanup responsibility.
23. Damage or Destruction
Outlines procedures and rights if the Premises are damaged by fire or other casualty, including rent abatement and restoration obligations.
24. Condemnation
Addresses the parties’ rights and obligations if the Premises or building are taken by eminent domain.
25. Subordination, Non-Disturbance, and Attornment (SNDA)
Sets forth the relationship of the Sublease to mortgages, ground leases, and the obligations to attorn to successors.
26. Estoppel Certificates
Requires each party to deliver estoppel certificates upon request by the other party or Master Landlord.
27. Assignment and Further Subletting
Restricts or permits Sublessee’s ability to assign the Sublease or further sublet the Premises, subject to approvals.
28. Default
Defines monetary and non-monetary events of default and notice and cure periods.
29. Remedies
Enumerates Sublessor’s and Sublessee’s remedies upon default, including termination, re-entry, acceleration of rent, and damages.
30. Surrender and Holdover
Describes Sublessee’s obligations upon lease expiration, removal of property, restoration, and holdover rent liability.
31. Option to Extend or Renew
Details any rights of Sublessee to extend the Term, including notice deadlines and rent determination.
32. Early Termination Rights
Sets forth any agreed right for either party to terminate before expiration, including termination fees and conditions.
33. Force Majeure
Excuses performance delays due to events beyond the parties’ reasonable control, such as acts of God or governmental actions.
34. Rules and Regulations
Incorporates building rules promulgated by the Master Landlord and outlines enforcement mechanisms.
35. Confidentiality
Requires the parties to keep the terms of the Sublease and proprietary information confidential, with stated exceptions.
36. Brokerage
Identifies any brokers involved, confirms commission arrangements, and contains mutual indemnities for brokerage claims.
37. Taxes
Allocates responsibility for any rental, sales, or personal property taxes related to the Premises or Sublease.
38. Americans with Disabilities Act (ADA) Compliance
Addresses responsibility for ADA compliance in the Premises and common areas and any required alterations.
39. Security Measures
Clarifies any security services provided by Sublessor and disclaims liability for criminal acts of third parties.
40. Governing Law
Specifies the state law that will govern the interpretation and enforcement of the Sublease.
41. Dispute Resolution
Provides procedures for mediation, arbitration, or litigation, including venue and waiver of jury trial.
42. Attorneys’ Fees and Costs
Allocates responsibility for attorneys’ fees and costs incurred in enforcing the Sublease or resolving disputes.
43. Waiver
States that failure to enforce provisions is not a waiver of future enforcement rights.
44. Severability
Provides that invalid or unenforceable provisions will not affect the remaining valid provisions.
45. Entire Agreement and Integration
Declares that the Sublease, together with exhibits, constitutes the complete and exclusive agreement of the parties.
46. Amendments
Specifies that modifications must be in writing and signed by both parties to be effective.
47. Successors and Assigns
Binds and benefits the parties and their respective successors and permitted assigns.
48. Authority and Representations
Confirms that each party has full authority to enter into and perform the Sublease and makes related representations.
49. Counterparts
Permits execution of the Sublease in multiple counterparts, each deemed an original.
50. Electronic Signatures
Authorizes the use of electronic signatures and counterparts delivered by electronic transmission.
51. Captions and Headings
States that section titles are for convenience only and do not affect interpretation.
52. Effective Date
Defines the date on which the Sublease becomes binding, often the last date of signature.
53. Exhibits and Schedules
Lists and incorporates all attached exhibits, such as the floor plan, Master Lease copy, rent schedule, SNDA, and rules.
54. Signatures
Provides signature blocks for authorized representatives of the Sublessor, Sublessee, and any Guarantor, including dates, titles, and notary acknowledgment if required.
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Was ist ein Commercial Sublease Agreement?
An American Commercial Sublease Agreement is a legal document used when a commercial tenant wishes to lease part or all of their rented property to a third party. In the U.S., this agreement outlines the terms and conditions under which the subtenant can occupy the space, including rent obligations, responsibilities, and the duration of the sublease. Utilizing our AI-powered system, you can generate a precise and legally-sound document that meets your specific needs, ensuring compliance with regional regulations while saving time and resources.
Einhaltungsgesetzgebung
Ihr Dokument wird auf die Einhaltung der folgenden Gesetze und Vorschriften überprüft:
•
Landlord and Tenant Act 1954
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Law of Property Act 1925
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Land Registration Act 2002
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Licensing Act 2003
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Control of Asbestos Regulations 2012
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The Regulatory Reform (Fire Safety) Order 2005
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Health and Safety at Work etc. Act 1974
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Environmental Protection Act 1990
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Equality Act 2010
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Building Act 1984
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