Subleasing Office Space Agreement

To protect yourself, you can hire an architect to measure the space to rent and tell you if the usable surface meets your company`s requirements. The architect should use a generally accepted standard, as adopted by the Association of Owners and Managers, so that one room can be compared to exactly the other. Then, regardless of the number used by the owner, you will know how much you will pay per usable square meter and you will have a more informed trading base. The owner is in a different position. His business is land rental, and buildings are his main assets. The owner is highly motivated to plan for the long term and write conservative leases that maximize the return on their assets. A good real estate lawyer can help protect your interests, but is often unable to advise on business matters. Legally acceptable agreements can be bad business. The recent pandemic has led to an increase in the number of tenants who want to sublet their offices. Commercial real estate tenants are not only trying to reduce rents for offices they do not use because employees now work from home, but many businesses are also not operational. Therefore, subleasing seems to be a good choice. However, many professional tenants make mistakes by subletting their offices.

This article will allow you to do what to avoid these frequent mistakes. Look for the title “Recitals.” Paragraph “A” here indicates the date recorded in the master-lease as a rental master`s date on the empty points made available. This is the rent between the landlord and the tenant/sublessor. In paragraph “B,” use the empty area made available to document which part of the property is sublet. A commercial sublease is the act of a tenant who rents premises that he currently rents to a subtenant. The tenant is required to obtain the landlord`s consent. Depending on the conditions of thought, the tenant may be limited in rent, to whom he can rent and how much he can ask for rent. Therefore, given their respective obligations and agreements, the parties agree with this lease agreement as follows: be careful with these estimates for another reason.