Key Features
- Type of Sublet – Specifies whether the tenant is subleasing all or part of the commercial space to the subtenant.
- Property Use – Establishes what business activities the subtenant can conduct on the property.
- Lease Period – The tenant may choose to sublease the property for a fixed rental period or month-to-month basis.
- Lease Type – Describes the type of agreement: gross lease, modified gross lease, or triple-net (NNN) lease.
- Rent Amount – Defines the monthly rent payment owed by the subtenant and any rent increases within the lease term.
- Subtenant Obligations – Requires the subtenant to perform basic repairs, dispose of waste properly, and maintain the overall cleanliness and safety of the premises.
Commercial Lease Application – Tenants can use a lease application to determine whether a subtenant will be a reliable renter.
Landlord’s Approval
Tenants should check their original lease to see if they need their landlord’s permission to sublease. Even if it’s not required, obtaining written consent is recommended to maintain a positive landlord-tenant relationship and avoid potential legal disputes.
Rent Payments Under a Sublease
In most subleases, the tenant (sublessor) pays the landlord while the new occupant (subtenant) makes monthly payments to the tenant. However, the subtenant can pay the landlord directly if they agree to this arrangement.
It’s important to remember that the tenant remains responsible to the landlord for the original lease. If the subtenant damages the premises, doesn’t pay rent, or causes other problems, the tenant will be held liable.