There are occasions when a tenant may choose to sublease a partial portion of commercial property to another. This Commercial Sublease Agreement – Partial Premises is used by the original tenant (sublessor) to sublease a portion of commercial property to another (subtenant) for a part or the remainder of the lease term. It is imperative that the original lease be carefully reviewed before subleasing partial premises as certain provisions (such as required consents) may apply. Having a well-written Commercial Sublease Agreement – Partial Premises will prove invaluable in the event of misunderstandings or litigation.

Among others, this Commercial Sublease Agreement – Partial Premises includes the following provisions:

• Parties and Premises: These provisions contain the identity and names of the parties entering into the sublease, the date of the original lease and the address of the premises to be subleased;
• Sublease Premises: This provision sets out the portion of the premises to be subleased;
• Sublease Term: States when the lease begins and the term of the sublease;
• Sublease Payments: Identifies the amount of base rent to be paid, when the rent is due and any additional charges;
• Security Deposit: States the amount of any security deposit to be paid by the subtenant;
• Obligations Under Master Lease: Sets forth the obligations and any exceptions from the original master lease.

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This lawyer-prepared packet contains:

1. Instructions and Checklist
2. General Information
3. Commercial Sublease Agreement – Partial Premises for use in Australia

Law Compliance: This form complies with the state and territory laws of Australia