The Sublease Contract Agreement is essential when a tenant wishes to transfer their leasehold rights partially or entirely to another party while maintaining their obligations under the original lease. This document is particularly relevant in the Philippine context, where subleasing arrangements must comply with specific local regulations and civil law requirements. The agreement typically requires the master landlord's explicit consent and must align with the provisions of the original lease agreement. It's commonly used in both commercial and residential settings, requiring careful consideration of the Civil Code of the Philippines, local government regulations, and property laws. The document includes detailed provisions for rent payment, maintenance responsibilities, utilities, insurance requirements, and the specific terms governing the relationship between all parties involved. Important considerations include compliance with local registration requirements, notarization procedures, and the proper documentation of the master landlord's consent.
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1. Parties: Identification of all parties: Master Landlord, Original Tenant (Sublessor), and Subtenant (Sublessee), including their complete legal names and addresses
2. Background: Context of the sublease arrangement, including reference to the master lease and confirmation of the master landlord's consent
3. Definitions: Key terms used throughout the agreement, including 'Premises', 'Term', 'Master Lease', etc.
4. Grant of Sublease: Formal statement of the sublease grant and description of the subleased premises
5. Term and Renewal: Duration of the sublease, commencement date, expiration date, and any renewal options
6. Rent and Security Deposit: Payment terms, amount, due dates, security deposit details, and payment methods
7. Use of Premises: Permitted uses of the property and any restrictions
8. Maintenance and Repairs: Responsibilities for maintaining and repairing the premises
9. Utilities and Services: Responsibility for utilities, services, and related expenses
10. Insurance and Liability: Insurance requirements and allocation of risks between parties
11. Default and Remedies: Events of default and corresponding remedies available to parties
12. Relationship to Master Lease: Acknowledgment of master lease terms and confirmation that sublease is subject to master lease
13. Governing Law: Specification of Philippine law as governing law and jurisdiction
14. Execution: Signature blocks for all parties, including notarization requirements
1. Fit-out and Alterations: Terms regarding modifications to the premises, used when alterations are permitted
2. Assignment and Further Subletting: Rights and restrictions regarding further assignment or subletting, if allowed
3. Option to Purchase: Terms for potential purchase of the property, if such option is offered
4. Parking Rights: Details of parking arrangements, if applicable to the property
5. Common Areas: Rights and obligations regarding common areas, for commercial or multi-unit properties
6. Special Use Provisions: Specific terms for particular uses (e.g., commercial, industrial), when applicable
7. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
8. Environmental Compliance: Environmental obligations and compliance requirements, particularly for commercial/industrial properties
1. Schedule A - Property Description: Detailed description of the subleased premises, including floor plans and measurements
2. Schedule B - Master Lease: Copy or relevant excerpts of the master lease agreement
3. Schedule C - Inventory List: Inventory of furniture, fixtures, and equipment included in the sublease
4. Schedule D - Condition Report: Detailed report of the premises condition at commencement of sublease
5. Schedule E - House Rules: Building or property rules and regulations
6. Appendix 1 - Master Landlord's Consent: Written consent from the master landlord for the sublease arrangement
7. Appendix 2 - Payment Schedule: Detailed breakdown of rent, utilities, and other payment obligations
8. Appendix 3 - Maintenance Schedule: Schedule of regular maintenance responsibilities and procedures
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