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Send Commercial Sublease Contract to Sign

Send Commercial Sublease Contract to Sign

Aug 6th, 2022

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How to Send Commercial Sublease Contract to Sign

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A sublease agreement is a written document between a tenant (sublessor) and a third party (sublessee) regarding the rental of the same premises. This agreement does not negate the original lease. It often arises when the tenant has remaining rent obligations but plans to vacate, with the landlord's consent. The tenant may find someone to rent the space, acting as an intermediary by collecting rent from the sublessee and passing it to the landlord. The initial lease is termed the master lease, and a sublease typically cannot exceed its duration unless the landlord permits an extension.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Is subletting commercial property illegal?

Can you sublet on a commercial lease? It depends on how the lease is drafted, but generally the tenant can sublet the whole property if they obtain landlord consent first. Subletting of part may be permitted where there are separate spaces within the property.

How does a sublease work in commercial?

What is a commercial sublease? A commercial sublease is when a business allows another business to move into their leased premises for a fixed period. Under this arrangement, the original tenancy still continues, and the tenant becomes a landlord to the subtenant.

How do I make a sub lease agreement?

How to create a sublease agreement Provide a description of the property. Add the names of the tenant and subtenant. Lay out the terms. Discuss any additional information. Decide the amount of rent. Determine the security deposit amount. State any late fees. List the policies and/or conditions.

Does a sublease need to be signed by a landlord?

If the tenancy agreement doesnt forbid them from subletting, the tenant must still have the landlords written consent to sublet the house, or part of it, to someone else.

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