
Adam Frankel
General Counsel · Technology & AI
15+ years as General Counsel to technology, cloud & AI companies
This Sublease Agreement template outlines the terms and conditions for a subtenant to lease a property from a sublessor. It covers essential aspects such as rent payments, late fees, security deposits, utility responsibilities, insurance requirements, and the term and termination conditions of the sublease. The document also includes clauses for dispute resolution and governing law.
This Sublease Agreement (hereinafter referred to as the "Agreement") was made and becomes effective on [efective date] (the “Effective Date”),
BY AND BETWEEN: | [subtenant name], with an address of [subtenant address], hereinafter referred to as the “Subtenant”. |
AND: | [sublessor name], with an address of [sublessor address], hereinafter referred to as the “Sublessor”, collectively referred to as the “Parties”. |
The premises that are to be subleased are located at: Address: [property address].
The monthly rent to be paid is [monthly rent amount]. It is to be paid before the first day of every month, so that the first rent payment is due on [when is first rent due]. The method of payment preferred by both parties is [payment method].
In the event that any rent payment is not made by the 5th day after the due date, the Subtenant shall pay to the Sublessor a late fee of [late fee]. This late fee is in addition to any other rights and remedies available to the Sublessor under this Agreement or by law.
The Subtenant shall be responsible for the payment of all utilities or other charges associated with the Premises.
Prior to taking occupancy of the premises, the Subtenant shall pay the Sublessor a security deposit in the amount of [security deposit amount]. The security deposit shall be held by the Sublessor to cover any damages to the premises or breach of the terms of this Agreement. It shall be returned to the Subtenant within [amount of days to return security deposit after termination] days after the termination of this Agreement, less any deductions for damages or outstanding rent.
The Subtenant shall be required to obtain and maintain renter's insurance for the duration of the sublease term. The insurance policy shall meet the minimum coverage requirements as specified by the Sublessor's original lease.
This Agreement shall commence on [agreement commencement date] and terminate on [agreement termination date].
This Agreement may be terminated under the following conditions:
Either party may terminate this Agreement by providing written notice to the other party [termination notice period] days prior to the desired termination date.
In the event of a breach of this Agreement by either party, the non-breaching party may terminate this Agreement immediately by providing written notice to the breaching party.
Any dispute or disagreement arising out of or relating to this Agreement shall be resolved through [arbitration/mediation/negotiation] in accordance with the laws of [governing law]. The prevailing party shall be entitled to recover reasonable attorney fees and costs incurred in connection with the dispute resolution.
This Agreement shall be governed by and construed in accordance with the laws of [governing law]. Any legal action arising out of or relating to this Agreement shall be brought in the appropriate courts of [governing law].
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