Download these 24 Free Office Sublease Agreement Templates to assist you in drafting a legal Office Sublease Agreement on the fly. Optionally, you can also check out my collection of Rental Agreement Templates as well.
Office sublease agreement basically means the rental contract between the tenant who has already leased a commercial property or office. The sublease wishes to use all the tenant’s property or part of that property’s space.
In the sublease agreement, the tenant put certain rights that he already holds the leased property. The sublease pays his rent rightly to the tenant to share the space or office or take the entire space or office from the tenant.
Difference Between a Lease And Sublease Agreement
It is important to note that there is a big difference between a Lease and Sublease Agreement. It has its own complications. Here is a good video tutorial that can explain it further.
Free Office Sublease Agreement Templates
Here are previews and download links for these Free Sample Office Sublease Agreement Templates.
Terms and Conditions of the Office Sublease Agreement
All the terms and conditions should be clear and in simple wording.
The monthly rent of the tenant should be stated in the contract. Additional rents, security deposits, and any additional insurance premiums to the landlords should also be mentioned.
The contract also states that the tenant is taking the office in an “as is” order.
If the tenant has deposited the security to the landlord, it should be mentioned.
It is the tenant’s duty to keep the office in neat, working, and functioning condition. If any damage is caused to the office by the tenant or the tenant’s employees, then he will pay the expenses.
In the agreement, the tenant has the right to sue the landlord, if he breaks the contract without any reason.
If the commercial office is burned by fire, or any damage is done to the office, not by the tenant or his employees. It’s his responsibility to inform the owner at once.
The landlord has the right to make alterations to the office.
If the tenant is found to default y of any terms and conditions, Landlord can ask him to ask for fees and expenses with entrust.
Landlord and his servants can inspect the office at any time.
The agreement holds the tenant’s right to basic services of electricity, water, and gas.
Landlord will not be responsible for any kind of theft, loss, or damage caused to the tenant’s office.
In the contract, the tenant also guarantees his use of electricity will not exceed the capacity.
The tenant also gives guarantees he will not create any kind of disturbance and that he would place his office equipment according to the certificate of occupancy.
If the office is taken by the government, automatically the sublease agreement would be terminated.
The lease will be canceled if the tenant or any of his clients is involved in bankruptcy.
Tenant is obligated to the landlord for liquidated damages, in case of being a default y.
The tenant should surrender the office in neat, working, and functioning condition.
Office Sublease Agreement Common Mistakes
Do not rush, take some time to find a suitable office for yourself.
Also, calculate how much the lease is monthly is going to cost you.
Think who is going to pay for the renovation and maintenance charges.
What happens if a lease agreement ends up badly, also think before taking the office.
Tips to make Office Sublease Agreement Effective
Never buy the first place, look for more places so you can find the right place for your business.
The owner never wants their offices to be empty, so always negotiate according to your terms.
