Commercial Sublease Agreement (Australia).docx Mobile App
The Commercial Sublease Agreement (Australia) app is a form that can be used to transfer an existing commercial lease between a landlord and tenant to a subtenant by virtue of subleasing.
How does it work?
This sublease agreement covers a commencement date, a rental rate, an incorporation of the terms of the original lease agreement, and includes a provision for a security deposit, an enforcement provision covering a specific state in Australia, and has a termination provision that covers the expiration of the sublease agreement coinciding with that of the original lease agreement. In a typical sublease, the sublessor takes over the lease of the premises for the duration of the lease term that is remaining. In the event the landlord of the commercial property and the sublessor decide to continue with extending the lease term, the landlord typically will execute a new commercial lease agreement with the tenant. In the event this form contains more provisions than necessary, a partial version of the sublease agreement exists which can be used to simplify the sublease.