The Sublessor Sublessee Agreement is essential when a tenant wishes to transfer partial or full occupation rights to another party while maintaining their obligations under the original lease. This document, governed by English and Welsh law, includes crucial terms such as rent payments, maintenance responsibilities, and compliance with head lease conditions. It's particularly important in commercial and residential contexts where flexibility in property occupation is needed, ensuring legal protection for all parties while maintaining the original landlord's interests.
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1. Parties: Identification of sublessor and sublessee with full legal details
2. Background: Context of sublease and reference to head lease
3. Definitions: Key terms used throughout the agreement
4. Demise: Property description and grant of sublease
5. Term: Duration of sublease
6. Rent: Payment terms and review provisions
7. Tenant Covenants: Sublessee obligations
8. Landlord Covenants: Sublessor obligations
1. Break Clause: Early termination provisions - used when parties want flexibility to end lease early
2. Service Charge: Additional charges for services - used for properties with shared facilities
3. Alterations: Rights to modify property - used when sublessee might need to make changes
1. Schedule 1: Property Plan: Detailed floor plan and property boundaries
2. Schedule 2: Head Lease Terms: Relevant provisions from original lease
3. Schedule 3: Inventory: List of fixtures, fittings, and contents
4. Schedule 4: Service Charge Items: Breakdown of service charges if applicable
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