Commercial Sublease Agreement Template
There are many reasons why a tenant may wish to sublet a portion of the premises they rent.
Perhaps you don’t need as much space anymore, maybe you’re downsizing or ceasing business or you want to reduce your overheads by using the space more efficiently.
Whatever the reason if you wish to sublet a part of the premises or the whole of the premises for the balance of the term of your lease, you will need a commercial sublease agreement template.
You must still honour your obligations to the Landlord
When you sublet all or part of the premises to another tenant you are still obliged to honour your obligations under the commercial lease contract with the landlord.
Another option would be to assign your rights and responsibilities to another person using an Assignment of Lease. This agreement is used more commonly for the whole of a property rather than a portion of the premises. Either way most leases will state that you need the Landlords written consent before you can sublet or assign any portion of the premises.
Immediate Download – Easy to Edit – Can be used again and again.
This professionally drafted Australian commercial sublease agreement is available for immediate download. It is supplied as a Microsoft Word template which is easy to edit and can be used as often as you like.
List of Provisions in Sublease Agreement Template:
- Identification of Parties
- Term of Sublease
- Use of Premises
- Rent
- Security Deposit
- Performance
- Original Commercial Lease
- Original Landlord’s Duties
- Consent
- Governing Law and Arbitration
- Notices
- Amendment
- Severability
- Waiver Of Contractual Right
- No Representation
- Interpretation
- Advice Of Legal Counsel
- Invalid Provisions
- Automatic Renewal
- Further Assurances
- Assignment
Sample Commercial Sublease Agreement (Australia) Excerpt
Your ready-to-use kit includes everything you need to sublet commercial property in every Australian State;
- Professionally drafted Commercial Sublease Template
- Easy-to-follow Instructions
- Friendly customer support
Our fully secured ecommerce system allows you to purchase and immediately download this Agreement safely and with complete peace of mind. In just a few minutes you can have your professional legal agreement.
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