Commercial Sublease Agreement Template

Disclaimer

The information provided is intended solely as a general example for contractual purposes related to property leasing arrangements. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in commercial leasing or real estate law. Laws and regulations may vary depending on the state or jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This sample commercial sublease agreement may differ based on specific circumstances and applicable laws. Adjust details accordingly for your particular situation.

Commercial Sublease Agreement Sample

Parties Involved:

Sublessor: ABC Properties LLC
Address: 789 Business Park Drive, Suite 500, Chicago, IL 60616

Sublessee: XYZ Enterprises Inc.
Address: 456 Commerce Lane, Chicago, IL 60607

Description of the Premises:

The premises comprise approximately 3,000 square feet of commercial office space located at 789 Business Park Drive, Suite 500, Chicago, IL 60616, including the rights to common areas and shared facilities, as specified in the master lease agreement.

Term and Payment:

The sublease period shall commence on __________________ and end on __________________. The sublessee agrees to pay a monthly rent of $4,000, payable on the first day of each month via check, electronic transfer, or other agreed method.

Security Deposit:

The sublessee shall deposit $4,000 as security upon signing this agreement. The security deposit will be held in accordance with applicable laws and returned after the end of the sublease term, less any lawful deductions.

Obligations of the Parties:

The sublessor affirms responsibility to maintain the premises per the master lease. The sublessee agrees to use the premises solely for lawful business purposes, keep the space in good condition, and notify the sublessor promptly of any damages or repairs needed.

Governing Law:

This agreement shall be governed by and interpreted under the laws of the State of Illinois. Any disputes shall be resolved in the courts of Cook County, Illinois.

Additional Provisions:

• Sublessee shall not assign or sublet the premises without prior written consent from the sublessor.
• The sublessor may enter the premises for inspections or repairs with reasonable notice, as required by law.
• Any amendments to this agreement shall be in writing and signed by both parties.

Chicago, ______________________