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

Among others, this form 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 Term: States when the lease begins and the term of the sublease;
• Sublease Payments: Identifies the amount of rent to be paid and when the rent is due;
• 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 for use in Canada

Law Compliance: This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon