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Sub Lease Tenancy Agreement
"I need a Sub Lease Tenancy Agreement for a commercial office space in Makati City, Philippines, where my tech company will sub-let two floors to a multinational corporation for a 3-year term starting March 1, 2025, with specific provisions for 24/7 operations and shared facilities."
1. Parties: Identifies and provides full details of all parties: the tenant/sub-landlord and the sub-tenant, including their complete legal names and addresses
2. Background: Establishes context including reference to the head lease, confirmation of sub-letting rights, and purpose of the sub-lease
3. Definitions: Defines key terms used throughout the agreement including 'Premises', 'Term', 'Head Lease', 'Rent', etc.
4. Grant of Sub-Lease: Formal grant of the sub-lease and description of the premises being sub-let
5. Term and Renewal: Duration of the sub-lease, commencement date, end date, and any renewal options
6. Rent and Security Deposit: Rental amount, payment terms, security deposit details, and rent review mechanisms
7. Utilities and Other Charges: Responsibility for utilities, maintenance fees, and other charges
8. Use of Premises: Permitted use of the property and any restrictions
9. Maintenance and Repairs: Responsibilities for maintaining and repairing the premises
10. Sub-Tenant's Obligations: Comprehensive list of sub-tenant's duties and responsibilities
11. Sub-Landlord's Obligations: Comprehensive list of sub-landlord's duties and responsibilities
12. Insurance: Required insurance coverage and responsibilities
13. Default and Remedies: Events of default and available remedies for both parties
14. Termination: Grounds for termination and the process involved
15. Governing Law: Specification of Philippine law as governing law and jurisdiction
16. Notices: Process and addresses for serving formal notices
17. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.
1. Fit-Out Works: Details of any permitted alterations or improvements - include for commercial properties
2. Parking: Parking rights and restrictions - include if parking is available
3. Common Areas: Rights and obligations regarding common areas - include for properties in multi-unit buildings
4. Assignment and Further Sub-Letting: Rights to assign or further sub-let - include for longer-term leases
5. Building Rules: Specific building or complex rules - include for properties in managed buildings
6. Force Majeure: Provisions for extraordinary events - particularly relevant post-COVID
7. Option to Purchase: Include if granting the sub-tenant an option to purchase
8. Pest Control: Include for residential properties or food-service establishments
9. Environmental Matters: Include for industrial or commercial properties with potential environmental impacts
1. Schedule 1 - Property Details: Detailed description of the premises including floor plans and measurements
2. Schedule 2 - Head Lease Details: Key terms and conditions from the head lease that affect the sub-lease
3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments, including escalation rates if applicable
4. Schedule 4 - Inventory: List of furniture, fixtures, and equipment included in the sub-lease
5. Schedule 5 - Condition Report: Detailed report on the condition of the premises at commencement
6. Schedule 6 - House Rules: Building rules and regulations if applicable
7. Appendix A - Copy of Head Lease: Copy of the relevant portions of the head lease
8. Appendix B - Required Permits: Copies of relevant permits and certificates
9. Appendix C - Insurance Requirements: Detailed insurance requirements and specifications
Authors
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Co-working Spaces
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Risk Management
Property Management
Asset Management
Contract Management
Property Manager
Facilities Manager
Real Estate Manager
Legal Counsel
Contract Administrator
Operations Manager
Business Development Manager
Office Manager
Compliance Officer
Risk Manager
Tenant Relations Manager
Asset Manager
Space Planning Manager
Property Administrator
Real Estate Director
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