Company Letterhead
{{company_name}}
{{company_address}}
Phone: {{phone}}
Email: {{email}}
Website: {{website}}
SUBLEASE AGREEMENT
This Sublease Agreement (the "Agreement") is made and entered into this {{date_of_agreement}} by and between:
Original Tenant (Sublessor): {{sublessor_name}}, residing at {{sublessor_address}}, and
New Tenant (Sublessee): {{sublessee_name}}, residing at {{sublessee_address}}.
PROPERTY
The Sublessor agrees to sublease to the Sublessee, and the Sublessee agrees to take from the Sublessor, the property located at {{property_address}} (the "Premises"). The Premises are currently subject to a master lease agreement between the Sublessor and the Landlord, {{landlord_name}}, dated {{master_lease_date}} (the "Master Lease"). A copy of the Master Lease is attached hereto as Exhibit A and is incorporated by reference.
TERM OF SUBLEASE
The term of this Sublease shall commence on {{start_date}} and shall terminate on {{end_date}}.
RENT
The Sublessee shall pay to the Sublessor a monthly rent of {{rent_amount}} ({{rent_amount_words}}) on the {{day_of_month}} day of each month, in advance. Rent shall be paid to the Sublessor at {{sublessor_payment_address}} or by electronic transfer to {{sublessor_bank_details}}. Any rent not paid by the {{late_payment_day}} day of the month shall incur a late fee of {{late_fee_amount}}.
SECURITY DEPOSIT
Upon execution of this Agreement, the Sublessee shall pay to the Sublessor a security deposit of {{security_deposit_amount}} ({{security_deposit_amount_words}}). This deposit shall be held by the Sublessor as security for the Sublessee's faithful performance of the terms of this Agreement. The security deposit shall be returned to the Sublessee within {{days_to_return_deposit}} days after the termination of this Sublease, less any deductions for damages to the Premises beyond normal wear and tear, unpaid rent, or other charges as permitted by law.
UTILITIES AND SERVICES
The Sublessee shall be responsible for paying the costs of the following utilities and services: {{utilities_paid_by_sublessee}}. The Sublessor shall be responsible for paying the costs of the following utilities and services: {{utilities_paid_by_sublessor}}.
Alternatively: The Sublessee shall pay a pro-rata share of all utilities and services amounting to {{utilities_share_percentage}}% of the total monthly utility bill, including but not limited to electricity, water, gas, and internet.
USE OF PREMISES
The Premises shall be used and occupied by the Sublessee exclusively as a private residence and for no other purpose. The Sublessee shall not commit or permit any waste or nuisance on the Premises, nor use the Premises for any illegal or unlawful purpose.
MAINTENANCE AND REPAIRS
The Sublessee agrees to maintain the Premises in a clean and sanitary condition and to repair any damage to the Premises caused by the Sublessee or their guests, ordinary wear and tear excepted. The Sublessee shall promptly notify the Sublessor of any needed repairs.
GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of {{country_name}}.
ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written.
Signature Block
IN WITNESS WHEREOF, the parties have executed this Sublease Agreement as of the date first written above.
_____________________________
{{sublessor_name}} (Sublessor)
Date: {{sublessor_signature_date}}
_____________________________
{{sublessee_name}} (Sublessee)
Date: {{sublessee_signature_date}}
Related templates
Invoice
This invoice template is used to bill clients for goods or services rendered. It provides a clear breakdown of costs, payment terms, and contact information for both parties.
Commission Split Agreement
This document outlines the terms and conditions for splitting commissions between two or more parties. It is essential for formalizing agreements in sales or partnership contexts.
Tax Registration Checklist (South Africa)
A comprehensive checklist for South African SMEs to ensure all necessary documentation and information are prepared for tax registration with SARS.
Employee Leave Tracker
A comprehensive template for tracking employee leave efficiently, ensuring compliance with South African labor laws.