Common Contracts
1 similar Commercial Sublease Agreement contracts
Sublease agreement uk pdfCommercial Sublease Agreement • May 10th, 2023
A Commercial Sublease Agreement allows the Tenant of a commercial property with an existing commercial lease, to further grant the rights of tenancy to a new individual or company, called the Subtenant, over all or part of the commercial property. A commercial sublease can help a Tenant reduce the costs it incurs in relation to the commercial property, as the Subtenant bears some of the rental responsibility for the property. A commercial sublease can also be useful where the commercial property is too big for the Tenant to use and a portion of it remains available. Before a commercial property can be subleased, the Landlord (who is usually the owner of the commercial property) has to agree to the subleasing. When this happens, the Tenant then becomes regarded as the Sublandlord based on the newly formed relationship with the Subtenant. This template can be used to create such a commercial sublease agreement. This Agreement can also be used when the original tenant will not be occupyin
