A commercial sub lease contract is a contract which is formed when a lessor agrees to sub lease a commercial property to the sub lessor for a fixed period of time and in return for a charge or cost which is predecided. Such contracts consist of certain legal terms and conditions which have to be agreed upon by all the involved parties.
Sample Commercial Sub Lease Contract:
This contract has been made effective on the effective date 1st Aug 2011
Duration of contract: 12 months
Termination date of contract: 1st Aug 2012
This contract has been signed between two parties whose details are given as follows:
Name: Mr. Mark Bing
Address: 1-u, Henry road, LA
Contact number: 4739248048420
Name: Mr. Abraham Johnson
address: 2-J, second floor, Mark tower, LA
contact number: 477942740404
Commercial Property details:
Address: 12-i, second floor, Hudson complex, LA
This property is being sub leased to the SUB LESSEE for 12 months under permission from the primary lessor of the property.
Cost per month: $10000
The following are the obligations which must be fulfilled by both the involved parties:
- The LESSOR must lease the property only for commercial use and in neat and clean manner.
- The SUB LESSEE must not use the property for any illegal work or business and use it only for commercial use.
- The SUB LESSEE must pay the monthly rental charge within the first week of each month.
- The LESSOR will be allowed to inspect the property at any given time of the contract.
Signatures of the parties: