Hawaii Sublease Agreement for Commercial Property

State:
Multi-State
Control #:
US-0437BG-1
Format:
Word; 
Rich Text
Instant download

Description

This form is for the sublease of commercial property.
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  • Preview Sublease Agreement for Commercial Property
  • Preview Sublease Agreement for Commercial Property
  • Preview Sublease Agreement for Commercial Property
  • Preview Sublease Agreement for Commercial Property
  • Preview Sublease Agreement for Commercial Property
  • Preview Sublease Agreement for Commercial Property
  • Preview Sublease Agreement for Commercial Property

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FAQ

In most cases, you will require the landlord's permission to sublet all or part of your business space to another party. There are obvious benefits to subletting, if you are allowed.

A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.

A sublease occurs when the original owner does not lease the premises to you, but there is another person or entity in between you and the landlord. That is, the property owner rents to someone else, and then that person rents to you. Subleases are common in both commercial and residential properties.

The Bottom Line: According to the law in Hawaii, you are allowed to sublet as long as your lease does not prohibit it. You should always obtain written approval from your landlord prior to subletting.

Subletting is illegal if a tenant needs their landlord's permission to sublet and they do so without getting it. It's also illegal if a tenant sublets a property when their tenancy agreement says they're not allowed to.

Typically, you must obtain written consent from your landlord before you can sublet a property. In most cases, a landlord will state in the master lease that subletting is either not permitted or is allowed with consent of the landlord.

A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.

Sublet Cons for LandlordsInconsistent screening procedures. If you don't require that all subtenants must be screened by the landlord, you'll have no idea about the caliber of tenant subleasing your property.Subtenant may not be reliable.Property damage.Lease violations or eviction.

A sublease is the re-renting of property by an existing tenant to a new third party for a portion of the tenant's existing lease contract. The sublease agreement may also be called a sublet.

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Hawaii Sublease Agreement for Commercial Property