Commercial Sublease Agreement
COMMERCIAL SUBLEASE AGREEMENT
1. Introduction
This Commercial Sublease Agreement ("Sublease") is entered into as of [Insert Date], by and between:
[Your Name], hereinafter referred to as the "Sublessor", and
[Sublessee's Name], hereinafter referred to as the "Sublessee".
2. Property
2.1 Description
The Sublessor hereby subleases to the Sublessee, and the Sublessee hereby subleases from the Sublessor, that certain commercial property located at [Your Company Address], Unit #101, and any fixtures or improvements therein, collectively referred to as the "Premises".
2.2 Term
The term of this Sublease shall commence on [Start Date] and terminate on [End Date] unless terminated earlier in accordance with the provisions herein.
3. Terms of Sublease
3.1 Rent
The Sublessee shall pay to the Sublessor the sum of USD 2,500 as rent for the Premises, payable in monthly installments of USD 2,500 on the 15th day of each month. Rent payments shall be made by check or bank transfer.
3.2 Security Deposit
The Sublessee shall deposit with the Sublessor the sum of USD 3,000 as a security deposit. This deposit shall be returned to the Sublessee within 30 days after the termination of this Sublease, subject to deductions for any damages to the Premises beyond reasonable wear and tear.
3.3 Utilities
The rent includes water and garbage disposal. The Sublessee shall be responsible for all other utilities and services required for the Premises during the term of this Sublease.
3.4 Maintenance and Repairs
The Sublessor shall be responsible for structural maintenance and repairs, while the Sublessee shall be responsible for routine maintenance and minor repairs. Any repairs necessary due to the negligence or misuse by the Sublessee shall be borne by the Sublessee.
4. Use of Premises
4.1 Permitted Use
The Sublessee shall use the Premises solely for office purposes, and for no other purpose without the prior written consent of the Sublessor.
4.2 Prohibited Activities
The Sublessee shall not engage in any activities on the Premises that are illegal, immoral, or may cause damage to the Premises or disturb other tenants in the building.
5. Assignment and Subletting
5.1 Subletting
The Sublessee shall not sublet the Premises or any part thereof without the prior written consent of the Sublessor, which consent may be withheld in the Sublessor's sole discretion.
5.2 Consent
Any subletting or assignment of this Sublease shall be subject to the Sublessor's prior written consent, which consent shall not be unreasonably withheld.
6. Termination
6.1 Early Termination
This Sublease may be terminated early upon mutual agreement of the parties or the occurrence of default in rent payment for two consecutive months, subject to 30 days' written notice.
6.2 Holdover
If the Sublessee holds over past the termination date without the Sublessor's consent, the Sublessee shall be liable for damages and/or additional rent at a rate of USD 100 per day until the Premises are vacated.
7. Insurance
7.1 Liability Insurance
The Sublessee shall maintain comprehensive general liability insurance covering the Premises and naming the Sublessor as an additional insured.
7.2 Indemnification
The Sublessee agrees to indemnify and hold harmless the Sublessor against any claims, damages, liabilities, or expenses arising from the Sublessee's use of the Premises.
8. Default
8.1 Breach
A breach of this Sublease shall include, but not be limited to, failure to pay rent, violation of any terms or conditions herein, or any act or omission that materially affects the rights of the Sublessor or the condition of the Premises.
8.2 Remedies
In the event of a breach by the Sublessee, the Sublessor shall have the right to pursue all remedies available at law or in equity, including but not limited to termination of this Sublease and eviction of the Sublessee.
9. Governing Law
This Sublease shall be governed by and construed in accordance with the laws of the State of [State]. Any legal action arising out of or related to this Sublease shall be brought in the appropriate courts located in [Jurisdiction].
10. Miscellaneous
10.1 Entire Agreement
This Sublease constitutes the entire understanding between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter hereof.
10.2 Amendments
No amendment or modification of this Sublease shall be valid unless in writing and signed by both parties hereto.
10.3 Severability
If any provision of this Sublease is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
10.4 Notices
Any notices required or permitted under this Sublease shall be in writing and shall be deemed sufficiently given if sent by certified mail, return receipt requested, or delivered personally to the parties at the addresses set forth herein.
11. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Sublease as of the date first above written.
[Your Name]
[DATE SIGNED]
[Sublessee's Name]
[DATE SIGNED]
