Commercial Sublease Agreement

Describe the Sublet space:

Describe the Sublet space: Retail (store, restaurant, etc.)OfficeIndustrialOther

Describe:

Enter the Property Address

Street Address

Address Line 2

City

State

ZIP Code

Please enter your address.

Add an Additional Description of the Property?

Add an Additional Description of the Property? YesNo

For example, the space includes a storage area or any other features not mentioned.

Additional Description:

Type of Sublease

Triple Net (NNN) - Subtenant pays for ALL property expenses.Modified Gross - Subtenant pays a PORTION of the property expenses.Gross - Subtenant pays NONE of the property expenses.

Property Expenses are considered Real Estate Taxes, Property Insurance, and Common Area Maintenance (CAM's).

When are the Common Area Maintenance (CAM) Expenses to be paid?

When are the Common Area Maintenance (CAM) Expenses to be paid? MonthlyQuarterlyYearlyOther

When will the Property Expenses be paid?

The Subtenant will be responsible to pay for the following Common Area Maintenance (CAM's):

Property Insurance - Minimum Limit

If this Sublease Agreement is Triple Net (NNN) or Modified Gross, then the Subtenant will be responsible for insurance up to a specific amount (commonly $1,000,000.00).

All or Part of the Space

The Tenant agrees to:

The Tenant agrees to: Rent ALL of the space in the Master LeaseRent a PORTION of the space under the Master Lease

Do you know the Square Footage (SF) of the space being rented?

Do you know the Square Footage (SF) of the space being rented? YesNo

This should be located in the Master Lease if the entire space is being re-rented to the Subtenant.

Can be calculated by multiplying the length X width = total square feet.

Enter Square Footage

Parking

Will the Subtenant have Parking provided to them?

Will the Subtenant have Parking provided to them? YesNo

This means dedicated or shared parking spaces for the Subtenant and their customers/clients.

How many spaces?

Parking Space(s)

Parking Spaces are:

Parking Spaces are: Shared parking spaces reserved for the SubtenantDedicated parking spaces reserved for the Subtenant

Dedicated means no other tenant or person may use the parking spaces without the consent of the Subtenant.

Will there be a PARKING FEE?

Will there be a PARKING FEE? YesNo

This is separate from the monthly rent amount.

Parking Fee

Parking Fee is for:

Parking Fee is for: ALL the Parking SpacesEACH of the Parking Spaces

How is the Parking Fee paid?

How is the Parking Fee paid? 1-Time Payment at the Start of the LeaseMonthly PaymentOther

Parking Fee to be paid in the following manner:

Term of Lease

Term of Lease Fixed-Term (start and end dates)Month-to-Month Lease (tenancy-at-will)

This is for the Initial Term and does not include any renewal periods (if any).

Start Date

End Date

Number (#) of Days required to TERMINATE

Days

Under a Month-to-Month Lease, the Tenant or Subtenant may be able to terminate this agreement, at any time, within the required notice period.

Do you know the START DATE of the Master Lease?

Do you know the START DATE of the Master Lease? YesNo

The Master Lease is the original agreement signed between the Landlord and Tenant.

Date of Master Lease

The Date should be in the 1st paragraph or on the signing page.

Business Use

The Subtenant may use the space for:

The Subtenant may use the space for: For ANY business useOnly SPECIFIC business use

If there are any prohibited uses, it must be written in this section. For example, if restaurants are not allowed in the space, it must be written that “any use except for a restaurant may be conducted on the property.”

List the SPECIFIC USES:

The Landlord

Do you know the Landlord's Name?

Do you know the Landlord's Name? YesNo

Who is the Landlord?

Who is the Landlord? a Business EntityIndividual(s)

The Landlord is the party that owns or manages the property.

How many Individuals?

Business Entity's Name

Landlord

Landlord's Name

First

Last

2nd Landlord's Name

First

Last

3rd Landlord's Name

First

Last

4th Landlord's Name

First

Last

5th Landlord's Name

First

Last

6th Individual's Name

First

Last

7th Landlord's Name

First

Last

8th Landlord's Name

First

Last

9th Landlord's Name

First

Last

10th Landlord's Name

First

Last

Do you know the Landlord's Mailing Address?

Do you know the Landlord's Mailing Address? YesNo

Landlord's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

The Tenant

Who is the Tenant?

Who is the Tenant? a Business EntityIndividual(s)

The Tenant is the party that is re-renting the property to the Subtenant.

How many Individuals?

Business Entity's Name

Tenant

Tenant's Name

First

Last

2nd Tenant's Name

First

Last

3rd Tenant's Name

First

Last

4th Individual's Name

First

Last

5th Tenant's Name

First

Last

6th Tenant's Name

First

Last

7th Tenant's Name

First

Last

8th Tenant's Name

First

Last

9th Tenant's Name

First

Last

10th Tenant’s Name

First

Last

Tenant's Mailing Address

Do you know the Tenant's Mailing Address?

Do you know the Tenant's Mailing Address? YesNo

This is the address that will be used for any notices sent.

Tenant's Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

The Subtenant

Who is the Subtenant?

Who is the Subtenant? a Business EntityIndividual(s)

The Subtenant is the party that will be renting the property from the Tenant.

How many Individuals?

Business Entity’s Name

Subtenant

Subtenant's Name

Subtenant’s Name

First

Last

2nd Tenant’s Name

First

Last

3rd Subtenant's Name

First

Last

4th Subtenant's Name

First

Last

5th Subtenant's Name

First

Last

6th Subtenant's Name

First

Last

7th Subtenant's Name

First

Last

8th Subtenant's Name

First

Last

9th Subtenant's Name

First

Last

10th Subtenant's Name

First

Last

Subtenant Address

Will the Subtenant’s Address be the SAME as the Property Address?

Will the Subtenant’s Address be the SAME as the Property Address? YesNo

Do you know the Subtenant’s Address?

Do you know the Subtenant’s Address? YesNo

Subtenant’s Mailing Address

Street Address

Address Line 2

City

State

ZIP Code

Personal Guarantee

Is the Subtenant going to PERSONALLY GUARANTEE this Sublease?

Is the Subtenant going to PERSONALLY GUARANTEE this Sublease? YesNo

If the Subtenant personally guarantees this Sublease, it means not only will their business be obligated to pay the rent, but the Owner themselves will be liable to pay.

This is HIGHLY RECOMMENDED unless the Subtenant is a national or recognized company.

Will there be a 3rd Party that will PERSONALLY GUARANTEE this Sublease?

Will there be a 3rd Party that will PERSONALLY GUARANTEE this Sublease? YesNo

If another individual personally guarantees this Sublease, it means that is the subtenant does not pay rent or causes damage to the property, that the Guarantor will be held responsible.

This is HIGHLY RECOMMENDED for any new business or a subtenant with poor credit.

Name of 1st Guarantor

Add another Guarantor?

Add another Guarantor? YesNo

Name of 2nd Guarantor

Name of Guarantor

First

Last

Will there be a 2nd Guarantor?

Will there be a 2nd Guarantor? YesNo

If there is a 2nd Guarantor, each will be equally responsible for the performance of the Sublease.

2nd Guarantor's Name

First

Last

Rent Interval

Will the Rent be the SAME AMOUNT for the entire sublease?

Will the Rent be the SAME AMOUNT for the entire sublease? YesNo

For example, if the rent increases after the 1st year it would NOT be the same for the entire lease.

Rent Amount

Rent Amount is a

Rent Amount is a Monthly paymentWeekly payment

Day of the month

On the of each month

Day of the week

Percentage Rent

Will there be Percentage (%) Rent?

Will there be Percentage (%) Rent? YesNo

Percentage rent is rent paid to the landlord based on the tenant's sales in addition to the base rent.

Percentage Rent (%) to be calculated as:

Payment Intervals

Rent Amount - 1st Period

Start Date - 1st Period

End Date - 1st Period

Add another Payment Period?