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Sublease Agreement 3


Sublease Agreement 3
Sublease Agreement 3
Sublease
THIS SUBLEASE AGREEMENT is entered into on ____________, 20___ by and between
___________________, a [STATE] ______________ [CORPORATION, PARTNERSHIP, SOLE
PROPRIETORSHIP, ETC.] ("SUBLESSOR”), with an address of
__________________________________________, and _______________________, a [STATE]
______________ [CORPORATION, PARTNERSHIP, SOLE PROPRIETORSHIP, ETC.] ("SUBTENANT"),
currently located at _______________________________ (the “Parties”).
FOR VALUABLE CONSIDERATION, the Parties agree to the following terms and conditions.
1. Premises. Sublessor hereby subleases to Sublessee and Sublessee hereby subleases from Sublessor for the
term specified below, and upon all of the conditions set forth herein, that certain real property, including all
improvements thereon, commonly known by the street address of _____________ _____________________,
located in the County of ___________, State of ____________, and generally described as
__________________________________________________________________________ (the “Premises”).
2. Term. The term of this Sublease shall be for ____________________[SPECIFY NUMBER OF MONTHS,
YEARS] commencing on ____________, 20__ and ending on _____________, 20__, unless sooner terminated
pursuant to any provision hereof. Sublessor agrees to use its best commercially reasonable efforts to deliver
possession of the Premises by the commencement date. If, despite said efforts, Sublessor is unable to deliver
possession as agreed, the rights and obligations of Sublessor and Sublessee shall be as set forth in the Master
Lease and in Paragraph 7 of this Sublease.
3. Base Rent. Sublessee shall pay to Sublessor as Base Rent for the Premises equal monthly payments of
$_________ in advance, on the _______ day of each month of the term hereof. Sublessee shall pay Sublessor
upon the execution hereof $___________ as Base Rent for the period ___________ through ____________.
Base Rent which is less than one month for any period during the term hereof shall be calculated at a pro rata
portion of the monthly installment.
4. Rent Defined. All monetary obligations of Sublessee to Sublessor under the terms of this Sublease (except
for the Security Deposit) are deemed to be rent (“Rent”). Rent shall be payable in lawful money of the United
States to Sublessor at the address stated herein or to such other persons or at such other places as Sublessor may
designate in writing.
5. Security Deposit. Sublessee shall deposit with Sublessor upon execution hereof $_________ as security for
Sublessee’s faithful performance of Sublessee’s obligations hereunder. The rights and obligations of Sublessor
and Sublessee as to said Security Deposit shall be as set forth in the Master Lease (as modified by Paragraph 7 of
this Sublease).
6. Use.
(a) Agreed Use. The Premises shall be used and occupied only for ____________________ and for no other
purpose.
(b) Compliance. Sublessor warrants that the improvements on the Premises comply with all applicable
covenants or restrictions of record and applicable building codes, regulations and ordinances in effect on the
commencement date. Said warranty does not apply to the use to which Sublessee will put the Premises or to any
alterations or utility installations made or to be made by Sublessee. NOTE: Sublessee is responsible for
determining whether or not the zoning is appropriate for its intended use, and acknowledges that past uses of the
Premises may no longer be allowed. If the Premises do not comply with said warranty, or in the event that the
applicable requirements are hereafter changed, the rights and obligations of Sublessor and Sublessee shall be as
provided in the Master Lease (as modified in Paragraph 7 of this Sublease).
(c) Acceptance of Premises and Lessee. Sublessee acknowledges that (i) it has been advised to satisfy itself
with respect to the condition of the Premises (including but not limited to the electrical, HVAC and fire sprinkler
systems, security, environmental aspects, and compliance with all applicable requirements) and their suitability
for Sublessee’s intended use; (ii) Sublessee has made such investigation as it deems necessary with reference to
Sublease Agreement 3
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