Deed Of Sublease Template for Philippines

A Deed of Sublease is utilized in situations where an existing tenant wishes to transfer partial or full use of their leased premises to another party while maintaining the original lease agreement. This document type is particularly important in the Philippine business context, where subleasing is common in commercial and residential properties. The deed must carefully balance the rights and obligations between all parties while ensuring compliance with Philippine property laws and the Civil Code. It typically includes detailed provisions about the premises, term, rent, permitted use, maintenance obligations, and the relationship with the head lease. A properly executed Deed of Sublease helps protect all parties' interests and ensures clarity in complex three-party leasing arrangements.

1. Parties: Identification of all parties including the head lessor (if required), sublessor, and sublessee, with their complete legal names and addresses

2. Background: Context of the sublease, including reference to the head lease and confirmation of authority to sublease

3. Definitions: Definitions of key terms used throughout the deed, including 'Premises', 'Head Lease', 'Term', and other relevant terms

4. Grant of Sublease: Formal grant of the sublease and description of the subleased premises

5. Term: Duration of the sublease, including commencement and expiration dates

6. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and other financial terms

7. Use of Premises: Permitted use of the premises and any restrictions

8. Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements

9. Utilities and Outgoings: Responsibility for utilities, taxes, and other expenses

10. Insurance: Required insurance coverage and responsibilities

11. Compliance with Head Lease: Sublessee's obligations to comply with head lease terms

12. Assignment and Further Subletting: Restrictions on assignment or further subletting

13. Default and Termination: Events of default and termination provisions

14. Surrender of Premises: Requirements for returning the premises at the end of the term

15. Governing Law: Specification of Philippine law as governing law

16. Execution: Formal execution clause and signing requirements