commercial property sublease agreement

a commercial sublease agreement is used to rent a commercial property to a subtenant without terminating the current lease on the property with the landlord. the sublandlord remains subject to the terms of the original lease agreement and is solely responsible for any damages, rent payments, and any other breach of the original contract. the space is too large for the tenant’s business operations, and so subletting a part of it makes financial sense to share expenses. if the agreement conveys right to the subtenant that the sublandlord does not have under the lease agreement, the entire contract could be invalidated.

general sublease agreement

this requires the consent of the landlord due to subletting being prohibited in the lease between the tenant and landlord, the “original” or “master” lease. the calendar date that sublessor and sublessee agree to be associated with this document should be reported. this lease should be set to naturally expire upon a  date that is prior to the termination date held between the sublessor and property owner. the agreed-upon method of payment between the sublessor and sublessee is required for this discussion.