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Commercial Sublease- Event

Commercial Sublease- Event

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Published by Fred Abramson
A sample commercial sublease with specifics regarding a temporary event.
A sample commercial sublease with specifics regarding a temporary event.

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Categories:Types, Business/Law
Published by: Fred Abramson on Feb 27, 2013
Copyright:Attribution Non-commercial
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10/04/2013

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AGREEMENENT made the ____________________ day of __________________ 2009, between __________________________, a __________________Corporation, having an office at _______________________ hereinafter referred

to as “Landlord,” -and____________, a New York Limited Liability Corporation, having an office at ______________, hereinafter referred to as “Tenant,” WITNESSETH, WHEREAS: Landlord, as lessee, entered into a lease with ______________(name of the landlord/owner of building), as lessor, dated ___________________, leasing certain space _______________(describe space), to which lease reference is hereby made as if the same were herein set forth in length, which lease hereinafter referred to as the “Prime Lease” and annexed as Exhibit “A.” The lessor’s consent to sublease the Subleased Premises as hereinafter described is annexed as Exhibit “B.” The parties hereto have agreed that Landlord shall sublet _______________ (description of the premises) (hereinafter referred to as the “Subleased Premises” of such space to Tenant, NOW, THEREFORE, the parties hereto hereby covenant and agree as follows: 1. Landlord hereby leases to Tenant the _____________(description of premises), shown in Exhibit A for a term beginning on _____________ and ending on _____________ unless sooner terminated in accordance herewith. Yielding and paying to Landlord a rent at the rate of $200,000 (Two Hundred Thousand) US Dollars. 2. The lease is subject and subordinate to the Prime Lease. Except as may be inconsistent with the terms hereof, all the terms, covenants and conditions in the Prime Lease contained (other than any option given by the Prime Lease) shall be applicable to this Agreement with the same force and effect as if Landlord were the lessor under the Prime Lease and Tenant were the lessee thereunder; and in case of any breach hereof by Tenant, Landlord shall have all the rights against Tenant as would be available to the lessor under the Prime Lease if such breach were by the lessee thereunder. 3. Tenant has paid Landlord on the execution and delivery of the lease the sum of ____________ US Dollars ($_______________) as security for the full and faithful performance of the terms, covenants and conditions of this lease on Tenant’s part to be performed or observed. If tenant shall fully and faithfully comply with all the terms, covenants and conditions of this lease on Tenant’s part to be part to be performed or observed, the security, or any unapplied balance thereof, shall be returned to tenant after

(Do you want liquidated damages clause. If actual possession of the premises shall not be available by _____________. Landlord or Tenant may elect. If the lease shall so cancelled.000. The Landlord agrees to cure any violations existing against the building that may prevent or interfere with the Tenant’s use of the subleased premises. and upon such refund this lease shall have no force or effect. change the wording if you provide the insurance) Landlord agrees to secure and keep in force from and after the date Landlord shall deliver possession of the Subleased Premises and throughout the Term. (2) fire damage legal liability on real property in the minimum amount of Three Million Us Dollars ($3. 13. and crowd control barriers to the Sidewalk. within thirty (30) days thereafter.thirty (30) days following the removal of Tenant and surrender of possession of the subleased premises by Landlord. defamation of character. 8. with a minimum limit of liability in the amounts set by the Tenant and in no event less than the amount of Three Million US Dollars ($3. Landlord shall refund to Tenant any rent or security theretofore paid or delivered to Landlord hereunder. at the Landlord’s own cost and expense (A) Commercial General Liability Insurance. The Landlord shall prepare the space free and clear of any vehicles. invasion of privacy and deletion of the employee/agent/contractor exclusion. If the Landlord does mitigate damages.00) 7. The Landlord shall deliver the demised premises free and clear of any signage. (this provision is if landlord will have insurance. 12. The Tenant shall have the right to install awnings. and which shall contain (1) personal injury liability including libel and slander. it must credit any money collected against liability.00) combined single limit. 10. which alone fully and completely sets forth the understanding of the . 9. i. 11. 6.000. through or under the Sublandlord and to the Prime Lease and any other leases and mortgages to which this Sublease is subordinate. The Landlord agrees to cooperate with the Tenant in the process of applying for building permits or any other governmental approval’s for Tenant’s use of the demised premises.000. The Landlord must seek to mitigate damages due to the breach of any term of this Agreement by the Tenant. canopies. All Occupants of the Subleased Premises.e. The Landlord covenants that Tenant may peaceably and quietly enjoy the Subleased Premises without disturbance by Landlord or any person claiming by. false arrest. shall have vacated the same.000. 4. All prior understandings and agreements between the parties are merged within this Agreement. to cancel this lease. lost profits) 5. if any. wrongful eviction.

direct that future notices or demands be sent to a different address. fire. Amendments and Waiver. strike. or other matter related to or arising from this Agreement. epidemic. an adverse arbitration decision or by the action of any governmental regulatory agency with the authority to take such action.parties. This Agreement. lockout. dispute. as follows: _______________________ _______________________ _______________________ and if to Tenant. and then such amendment. flood. exercise or requirement of any governmental authority. 17. war. 14. tornado. and if such party will have used commercially reasonable efforts to avoid such occurrence and minimize its duration and has given prompt written notice to the other party. by notice in writing. failure of public facilities. 15. or is unable to perform. casualty. injunction or any act. unless the same shall be in writing and signed by the parties hereto. waiver or consent with respect to any provision of this Agreement shall in any event be effective. any of its obligations under this Agreement due to any act of God. then the affected party's failure to perform will be excused and the time for performance will be extended for the period of delay or inability to perform due to the occurrence. Force Majeure. as follows: _______________________ _______________________ _______________________ Either party may. waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. will be governed by the laws of the State of New York. State of New York. Any litigation between the Parties concerning this Agreement shall be initiated in New York County. or any other cause beyond the reasonable control of the party invoking this provision. 16. and any question. if to Landlord. Governing Law. In the event that a party is prevented from performing. by an adverse judgment of a court of appropriate jurisdiction. and this lease may not be changed or terminated orally or in any manner other than by an agreement in writing and signed by the party against whom enforcement of the change or termination is sought. No amendment. Any notice or demand which either party may or must give to the other hereunder shall be in writing and delivered personally or sent by registered mail addressed. .

23. or by certified mail return receipt requested. and the remaining provisions of this Agreement will remain in full force and effect. Severability. Notice. IN WITNESS HEREOF. Binding Effect. demands. If any provision of this Agreement is held to be illegal. sent by overnight carrier with a delivery receipt obtained. 19. and other communications hereunder must be in writing and shall be personally delivered. 21. Signed: ___________________ Dated: Signed: President ___________________ Dated: Signed: President . invalid or unenforceable provision had never been part of this Agreement. 20. valid. Nothing in this Agreement is intended to confer rights or remedies under this Agreement on any person. Notice shall be deemed given upon receipt or refusal to accept delivery. other than the parties hereto and their respective successors and permitted assigns. All notices. invalid. the undersigned have caused this Agreement to be executed as of the date first written above. Nothing in this Agreement is intended to relieve or discharge the obligations or liabilities of any third persons to any party hereto or to give any third party any right of subrogation or action over or against any party hereto. invalid or unenforceable. Assignment Prohibited. without the prior written consent of the other party. that provision will be fully severable and this Agreement will be construed and enforced as if the illegal.18. or unenforceable provision as possible. added automatically to this Agreement a legal. This Agreement may not be assigned by Landlord or Tenant. and enforceable provision that is as similar to the illegal. requests. No Third-Party Beneficiaries. consents. This Agreement binds all of the parties hereto and their respective successors and assigns.

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