Drafting a Commercial Sublease

WHAT’S IT FOR?

If you are subleasing the whole or part of your leased premises to another party, it is important that you have a Commercial Sublease Agreement in place. A Commercial Sublease Agreement provides key terms regarding the relationship between the existing tenant and the incoming sub-tenant. It outlines the consent of the head landlord, payment of rent, lease expiration, security deposit and more important terms for your sublease arrangement.

WHAT’S INCLUDED?

We’ll prepare a Commercial Sublease Agreement for your business and advise you on your legal rights and obligations.

This package includes:

• Preparing the Commercial Sublease Agreement
• A high level review of the relevant provisions in the Head Lease
• Conducting and reviewing one title search on the leased premises
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the documents
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft

Please note that this package does not include:

• Re-drafting or marking-up the document. If re-drafting or marking-up is required, we will provide a new quote.
• Assistance with registration of the lease, tax advice or advice around the licences or permits required to carry on the intended business at the premises.
• Any direct negotiations or correspondence with the counter-party or their lawyers, or reviewing any responses from the counter-party or their lawyers to the list of requested changes. If you need further negotiation support or additional rounds of review, we will provide a new quote.
• Any employment, tax, accounting or other compliance issues.

Important: You may required to register your lease in certain States. While your lawyer may give you general advice around these requirements, this does not include assistance with registration. Usually you are able to do this yourself however, if not, we can connect you with our partners who will assist with the registration process at an additional fee.