Sublessor Sublessee Agreement Template for India

The Sublessor Sublessee Agreement is essential in situations where an existing tenant wishes to transfer their leasehold rights to another party while maintaining their relationship with the original landlord. This document is commonly used in India when businesses need to optimize their leased space, individuals need to relocate temporarily, or companies want to manage excess office space. The agreement must comply with Indian property law, particularly the Transfer of Property Act, 1882, and relevant state-specific regulations. It typically includes detailed provisions about the property, rental terms, duration, maintenance responsibilities, and conditions from the master lease. This type of agreement is particularly relevant in urban areas where subleasing is common in commercial and residential properties, requiring careful attention to local rent control laws and registration requirements.

1. Parties: Identifies and provides full details of the Sublessor and Sublessee, including names, addresses, and registration details for companies

2. Background: Explains the context of the sublease, including reference to the master lease and the Sublessor's authority to sublease

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. Demised Premises: Detailed description of the subleased property and any included fixtures/fittings

5. Term and Renewal: Duration of the sublease, commencement date, and any renewal options

6. Rent and Security Deposit: Rental amount, payment terms, security deposit details, and any escalation clauses

7. Permitted Use: Specifies allowed uses of the premises and any restrictions

8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

9. Utilities and Outgoings: Allocation of responsibility for utilities, taxes, and other operating expenses

10. Sublessee's Covenants: Key obligations and promises of the Sublessee

11. Sublessor's Covenants: Key obligations and promises of the Sublessor

12. Insurance: Required insurance coverage and responsibilities

13. Default and Remedies: Consequences of breach and available remedies

14. Termination: Grounds and procedure for early termination

15. Governing Law and Jurisdiction: Specifies applicable law and courts having jurisdiction

16. Notices: Method and addresses for serving legal notices

17. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments