SUBLEASE
THIS SUBLEASE AGREEMENT is entered into on ____________, 20___ by and between _______________, a [STATE] ______________ [CORPORATION, PARTNERSHIP, SOLE PROPRIETORSHIP, ETC.] ("SUBLESSOR”), with an address of ________________, and ___________, a [STATE] ___________ [CORPORATION, PARTNERSHIP, SOLE PROPRIETORSHIP, ETC.] ("SUBTENANT"), currently located at _______________________________ (the “Parties”).
FOR VALUABLE CONSIDERATION, the Parties agree to the following terms and conditions.
1. Premises. Sublessor hereby subleases to Sublessee and Sublessee hereby subleases from Sublessor for the term specified below, and upon all of the conditions set forth herein, that certain real property, including all improvements thereon, commonly known by the street address of ____________________, located in the County of ___________, State of ____________, and generally described as ____________ (the “Premises”).
2. Term. The term of this Sublease shall be for ___________[SPECIFY NUMBER OF MONTHS, YEARS] commencing on ____________, 20__ and ending on ___________, 20__, unless sooner terminated pursuant to any provision hereof. Sublessor agrees to use its best commercially reasonable efforts to deliver possession of the Premises by the commencement date. If, despite said efforts, Sublessor is unable to deliver possession as agreed, the rights and obligations of Sublessor and Sublessee shall be as set forth in the Master Lease and in Paragraph 7 of this Sublease.
3. Base Rent. Sublessee shall pay to Sublessor as Base Rent for the Premises equal monthly payments of $_________ in advance, on the _______ day of each month of the term hereof. Sublessee shall pay Sublessor upon the execution hereof $___________ as Base Rent for the period ___________ through ____________. Base Rent which is less than one month for any period during the term hereof shall be calculated at a pro rata portion of the monthly installment.
4. Rent Defined. All monetary obligations of Sublessee to Sublessor under the terms of this Sublease (except for the Security Deposit) are deemed to be rent (“Rent”). Rent shall be payable in lawful money of the United States to Sublessor at the address stated herein or to such other persons or at such other places as Sublessor may designate in writing.
5. Security Deposit. Sublessee shall deposit with Sublessor upon execution hereof $_________ as security for Sublessee’s faithful performance of Sublessee’s obligations hereunder. The rights and obligations of Sublessor and Sublessee as to said Security Deposit shall be as set forth in the Master Lease (as modified by Paragraph 7 of this Sublease).
6. Use.
(a) Agreed Use. The Premises shall be used and occupied only for _____________ and for no other purpose.