A commercial sub lease agreement is an official agreement drafted when an individual or an organization takes a commercial property on lease from another individual or an organization who is an existing tenant on the property which is owned by another party. The details mentioned in the agreement include lease payments, landlord consents and leasehold improvements conditions.
Sample Commercial Sub Lease Agreement
This commercial office lease agreement has been drafted and entered into on 15th April 2011 by and between Jack Lane referred to as the tenant who is residing at:
41 Hick Glenn Road,
New Finland, Los Angeles 5271
And Julian Limited referred to as the sub lessee with their office address located at:
74 Aspen High Road,
New York, New jersey 5213.
As per this agreement the tenant wants to lease out a certain part of the commercial property located at:
41 Holy Hill Road,
New Finland, Los Angeles 5214
to Julian Limited.
Terms and conditions:
The tenant assures that he has a written permission of the lessor to sub lease the property.
The sub lessee has to pay a monthly rent of $5000 which should be paid at the beginning of every month.
Signature of the lessee Signature of the tenant
Nicole Kidman John Woo (On behalf of Julian Limited)