A commercial sublease agreement is a contract that enables a tenant to re-rent part or all of their commercial space to another party. The document establishes key information like the rent amount, payment due dates, insurance requirements, and the type of business activity the subtenant is allowed to conduct on the premises.
A commercial sublease agreement is a contract that enables a tenant to re-rent part or all of their commercial space to another party. The document establishes key information like the rent amount, payment due dates, insurance requirements, and the type of business activity the subtenant is allowed to conduct on the premises.
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A commercial sublease agreement is a contract that enables a tenant to re-rent part or all of their commercial space to another party. The document establishes key information like the rent amount, payment due dates, insurance requirements, and the type of business activity the subtenant is allowed to conduct on the premises.
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Commercial Lease Application – Tenants can use a lease application to determine whether a subtenant will be a reliable renter.
Tenants should check their original lease to see if they need their landlord’s permission to sublease. Even if it’s not required, obtaining written consent is recommended to maintain a positive landlord-tenant relationship and avoid potential legal disputes.
In most subleases, the tenant (sublessor) pays the landlord while the new occupant (subtenant) makes monthly payments to the tenant. However, the subtenant can pay the landlord directly if they agree to this arrangement.
It’s important to remember that the tenant remains responsible to the landlord for the original lease. If the subtenant damages the premises, doesn’t pay rent, or causes other problems, the tenant will be held liable.
