Subrental Clause Samples
The Subrental clause defines whether and under what conditions a tenant is permitted to rent out all or part of the leased property to another party. Typically, this clause outlines the requirement for the landlord’s prior written consent before any subleasing can occur, and may specify criteria or procedures for approval. Its core practical function is to give the landlord control over who occupies the property, thereby protecting their interests and ensuring the original lease terms are upheld.
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Subrental. The Lessee may not sublet all or part of the Equipment itself, except authorized in writing beforehand by the Lessor. This consent does not imply any waiver or limitation of the Lessor's rights arising from the Contractual Documents and applicable laws and regulations. The Lessee who sublets the Equipment with the prior written consent of the Lessor, in turn, prohibits the sublet of the Equipment by the sublessee without the prior written consent of both the Lessee and the Lessor. The sublessee to whom the Lessee sublets the Equipment must meet the same conditions as the Lessee under the Contractual Documents. The Lessee shall impose the same obligations on the sublessee as the ones it itself has under the Contractual Documents. The Lessee remains wholly liable for the execution of the Agreement in accordance with the Contractual Documents whenever it sublets all or part of the Equipment to third parties.
Subrental. Beginning with the Sublease Commencement Date and thereafter during the Term and ending on the Sublease Expiration Date, Subtenant shall pay to Sublandlord the following monthly installments of base rent ("Base Rental"): Base Rental and additional rent (as described in Sections 4(c) and (d) below) (including without limitation, late fees) shall hereinafter be collectively referred to as "Rent."
Subrental. From the Effective Date, Sublessee shall pay to Sublessor a monthly subrental equal to all monthly rental, operating expenses, fees, and other expenses due under the Master Lease for the HMO Funding Facility, payable in arrears in twelve (12) monthly installments, each of which shall be paid on the fifteenth (15th) day of each month immediately following the month for which the payment was due, with final payment due on the fifteenth (15th) of the month following expiration of the Sublease term.
Subrental. The term "Excess Rent" as used herein shall include any --------- consideration of any kind received, or to be received, by Tenant from the subtenant as a result of the sublet, including, but not limited to, key money, bonus money, and payments (in excess of book value thereof) for Tenant's assets, fixtures, inventory, accounts, good will, equipment, furniture, general intangibles, and any capital stock or other equity ownership on Tenant.
Subrental. Beginning with the Additional Sublease Premises Commencement Date and thereafter during the Additional Sublease Premises Term and ending on the Additional Sublease Premises Expiration Date, the Base Rental shall be $84,854/month.
Subrental. Sublessee shall pay to Sublessor a monthly subrental equal to the sum of the following: (A) all monthly rental, operating expenses, fees, and other expenses due under the Master Lease for the HMO Funding Facility, (B) 0.6667% (eight percent (8%) per annum) of the projected book value of the FF&E and leasehold improvements in the HMO Funding Facility as of the Effective Date as set forth in Exhibit III hereto, plus (C) themonthly depreciation expense of the FF&E and leasehold improvements in the HMO Funding Facility, (collectively "Subrental"), payable in twelve (12) monthly installments, each of which shall be paid on the fifteenth (15th) day of each month, immediately following the month for which the calculation was made, with final payment due on the fifteenth (15th) of the month following expiration of the Sublease term. For purposes of preceding clause (C), net book value and depreciation shall be calculated at the end of each calendar month using Sublessor's depreciation schedules (attached as Exhibit IV hereto) in place as of the Effective Date. EXHIBIT F TO MASTER TRANSFER AGREEMENT
Subrental. (a) Beginning with the Sublease Commencement Date and thereafter during the Term of this Sublease and ending on the Sublease Expiration Date, Subtenant shall pay to Sublandlord $56,629.00/month ($12.00/RSF/Annum) in monthly installments of base rent ("Base Rental"). The first monthly installment of Base Rental shall be paid to Sublandlord upon the execution of this Sublease. Base Rental and additional rent (including without limitation, late fees) shall hereinafter be collectively referred to as "Rent".
(b) If the Sublease Commencement Date is not the first (1st) day of a month, or if the Sublease Expiration Date is not the last day of a month, a prorated installment of monthly Rent based on a thirty (30) day month shall be paid for the fractional month during which the Term commenced or terminated.
(c) Beginning with the Sublease Commencement Date and continuing to the Sublease Expiration Date, Subtenant shall pay to Sublandlord as additional rent for this subletting all special or after-hours cleaning, heating, ventilating, air-conditioning, elevator and other Building charges incurred at the request of, or on behalf of, Subtenant, or with respect to the Sublease Premises (which in no event will exceed the amount of such costs actually incurred by Sublandlord) and all other additional expenses, costs and charges payable to Landlord in connection with Subtenant's use of the Sublease Premises including, without limitation, charges for electricity used by Subtenant.
(d) Beginning with the expiration of calendar year 2001 ("Base Year") and thereafter during the Term of this Sublease, Subtenant shall pay to Sublandlord as additional rent for this subletting an amount equal to 20.13% ("Subtenant's Share") of the excess of Building Operating Costs (as set forth in Article 36 of the Master Lease) for the Building for 2002 over the total amount of Building Operating Costs for the Building incurred by Landlord during the Base Year pursuant to the terms and conditions of the Master Lease. Subtenant's Share is a percentage which reflects the ratio of the rentable square feet in the Sublease Premises to the rentable square feet in the Building.
(e) Beginning with the expiration of the Base Year and thereafter during the Term of this Sublease, Subtenant shall pay to Sublandlord as additional rent for this subletting Subtenant's Share of the excess of Real Estate Taxes (as set forth in Article 36 of the Master Lease) for the Building for 2002 over the total amount of R...
Subrental. Renter shall not have the right to subrent the Equipment unless prior approved by both the Equipment Provider and Program Administrator. In any such event that a subrental of the equipment is approved by the Equipment Provider and Administrator, such subrental shall only be pursuant to written subrental agreement(s) which specify the names of the subrenters and the locations of the Equipment that is being sub-rented and where an executed agreement by the subrenter is held by the Renter. Renter shall maintain executed copies of such subrentals at its principal office and shall make the same available for the Administrator’s or Equipment Provider’s inspection at reasonable business hours. No subrenter of the Equipment shall relieve Renter from any of its obligations to the Administrator or Equipment Provider under this Agreement.
Subrental