Pennsylvania Commercial Sublease
Overview of this form
The Commercial Sublease form serves as a legally binding agreement between the Sub-Lessor and Sub-Lessee, allowing the Sub-Lessee to rent property from the Sub-Lessor under specific terms. This sublease is distinct from a regular lease as it is governed by the terms of the original lease agreement between the Sub-Lessor and the primary landlord. The Commercial Sublease outlines the rights and obligations of both parties in relation to the leased property, including rental payments and property use restrictions.
Key parts of this document
- Identification of the parties: Includes names and addresses of the Sub-Lessor and Sub-Lessee.
- Description of the leased property: Specifies the land and any improvements being leased.
- Term of the lease: Outlines the duration for which the property is being leased.
- Rental payment terms: Details the amount due, payment schedule, and any conditions for late payments.
- Use of property: States permissible uses of the leased property, ensuring compliance with local laws.
- Repair obligations: Clarifies responsibilities for property maintenance and repairs between the parties.
- Termination conditions: Details events that may lead to lease termination and the rights of each party upon such events.
When to use this document
This form is useful when a tenant (Sub-Lessor) wishes to lease their commercial space to another party (Sub-Lessee). It is commonly utilized by businesses looking to share space or when a business needs to relocate but has time left on its original lease. Use this form to establish clear terms and conditions to avoid disputes between the original tenant and the new tenant.
Who should use this form
- Current tenants (Sub-Lessors) who want to lease their commercial space to another business.
- Individuals or businesses (Sub-Lessees) seeking temporary commercial space while a primary lease is still active.
- Landlords who approve subleasing and require a formal agreement between original tenants and new tenants.
Instructions for completing this form
- Identify the parties: Enter the full names and addresses of both the Sub-Lessor and Sub-Lessee.
- Specify the property: Clearly describe the leased property, including the address and any modifications or improvements included.
- Enter dates: Fill in the date of agreement execution and the term length for the lease.
- Detail payment terms: Specify the amount of rent due, payment schedule, and any other financial obligations.
- Define property use: State the intended use of the property to ensure compliance with local zoning laws.
- Sign and date: Both parties must sign and date the document to make it legally binding.
Does this form need to be notarized?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to define the leased property clearly, leading to disputes over boundaries or included amenities.
- Neglecting to mention the obligations for property maintenance and repairs, risking misunderstandings about responsibilities.
- Not including the original lease information, which can result in non-compliance with primary lease terms.
- Overlooking state-specific regulations that may affect the validity of the sublease agreement.
Why complete this form online
- Convenience: Easily download and fill out the form at your own pace.
- Editability: Customize the form to suit specific needs without complex legal jargon.
- Reliability: Forms are drafted by licensed attorneys to ensure legal compliance.
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FAQ
Landlords can try and forfeit a lease if a tenant is in breach of their obligations (this assumes that the lease document includes a right to forfeit).If a commercial lease contains a break clause, either or both parties to the agreement may seek to terminate the lease before its fixed period has ended.
A sublet, sometimes called a sublease, is a contract under which a tenant rents out their apartment to another individual while their name is still on the lease.When subleasing, only the original tenant's name is on the lease. In a roommate situation, all tenants are named on the lease.
A sublease is a legally binding contract made between a tenant and a new tenant (also known as a subtenant or a sublessee).Usually, the first tenant must get consent from the landlord before he/she is allowed to sublease the premises.
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.Even if a sublease is permitted, the original tenant is still liable for the obligations stated in the lease agreement, such as the payment of rent each month.
In short, subletting allows a new renter to take over the lease directly with the landlord, while subleasing involves renting all or part of the space to another renter through the original renter.
Can the landlord refuse consent to an Assignment? Most leases will say that the Landlord cannot unreasonably withhold consent. According to section 19 (1A) of the Landlord and Tenant Act 1927 the landlord can insert conditions in the lease, which need to be met in the case of an assignment.
The Bottom Line: The Pennsylvania Tenant's Rights Act, holds you accountable to the terms of your lease. So if your lease prohibits sublets, then you aren't allowed to sublet. You should also obtain written approval from your landlord prior to subletting.
A commercial sublease is an agreement between a tenant currently leasing a property, a new tenant looking for space, and the property owner. When you sublease your space you are the sublessor (or sublandlord) and your new tenant is the sublessee (or subtenant).
Recording a lease means that it (or a Notice of Lease) is submitted to the public record, usually at the local Registry of Deeds following the signing of it by both parties. Generally, recording of the lease protects the tenant against subsequent claims to the property.