Sublessee definition
Examples of Sublessee in a sentence
Sublessee agrees to pay for the rental of the Premises an annual rent of $9,879.97 per year, provided however, that Sublessee shall pre-pay a portion of said rent for the anticipated term of the Sublease with the execution of this Sublease Agreement.
In addition, it shall be the responsibility of the Sublessee to carry and maintain any and all insurance coverage for its personal property, inventory, stock, and equipment located on the Premises.
If such destruction or injury cannot be reasonably repaired prior to the beginning of the next school year, Sublessee may notify Sublessor within thirty (30) days after the happening of such destruction or injury of its election to terminate this Sublease Agreement and same shall terminate, in which event, Sublessee shall be entitled to refund of the prepaid rent for the remainder of the anticipated term which shall be calculated as set forth in Section 18.
Sublessee shall not commit or suffer any waste on the Premises and shall be responsible for any maintenance or repair caused by the acts of Sublessee or its invitees or employees, normal wear and tear only excepted.
All such improvements shall be at Sublessee’s cost and, upon expiration of this Sublease Agreement, all improvements made by the Sublessee shall be and become the property of the Sublessor.