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1. Parties: Identifies the sublessor (current lessee) and sublessee, including full legal names and addresses
2. Background: Explains the context of the sublease, including reference to the master lease and confirmation of right to sublease
3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Term', 'Rental Payments', etc.
4. Vehicle Details: Specific identification of the vehicle including make, model, year, color, VIN/chassis number, and registration details
5. Term and Rental Payments: Duration of sublease, payment amounts, payment schedule, and method of payment
6. Delivery and Return: Conditions for vehicle delivery and return, including inspection procedures and condition requirements
7. Use of Vehicle: Permitted uses, geographical restrictions, and driver requirements
8. Insurance and Liability: Insurance requirements, liability allocation, and indemnification provisions
9. Maintenance and Repairs: Responsibilities for vehicle maintenance, repair procedures, and cost allocation
10. Default and Remedies: Events of default and available remedies for both parties
11. Termination: Grounds for termination, notice requirements, and consequences of termination
12. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes
1. Security Deposit: Terms for security deposit if required, including amount, holding conditions, and return provisions
2. Modifications: Rules regarding vehicle modifications, if permitted
3. Additional Drivers: Terms for allowing additional authorized drivers
4. Cross-Border Use: Provisions for using the vehicle in mainland China or Macau, if permitted
5. Replacement Vehicle: Terms for providing a replacement vehicle during maintenance or breakdown
6. Assignment and Subletting: Provisions regarding further subletting or assignment, if allowed
1. Schedule 1 - Vehicle Condition Report: Detailed description of vehicle condition at time of delivery, including photographs
2. Schedule 2 - Master Lease Terms: Relevant excerpts from the master lease agreement affecting the sublease
3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
4. Schedule 4 - Rental Payment Schedule: Detailed breakdown of all payments including dates and amounts
5. Schedule 5 - Authorized Drivers: List of authorized drivers and their license details
6. Appendix A - Vehicle Registration and Insurance Documents: Copies of current vehicle registration and insurance certificates
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