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Commercial Sublease Agreement Checklist

Step 1: Gather Information

As you complete your commercial sublease agreement, you will need to provide the following information:

  • Landlord, tenant, and subtenant names, addresses, and phone numbers
  • Effective date of the lease between the landlord and tenant
  • Start and end date of the subtenancy
  • Rent amount
  • Accepted payment methods
  • Fees
  • Subtenant's business type
  • Furnishings provided, if any
  • Utility responsibilities
  • Insurance requirements

Having this information handy will help you complete the main sections of your document. We may also ask for additional details in our commercial sublease agreement questionnaire to assist you in further customizing your document according to your needs and preferences.

Step 2: Answer Key Questions

Use the information you collected to complete the commercial sublease agreement. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs. The questions and information we present to you dynamically change depending on your answers and the state selected. Click below to get started.

Step 3: Review and Sign

It is always important to read your document thoroughly to ensure it matches your needs and is free of errors and omissions. After completing the questionnaire, you can make textual changes to your document by downloading it in Microsoft Word. If no changes are needed, you can simply download the PDF version and sign. These downloads are available by navigating to the Documents section of your account dashboard.

Step 4: Distribute and Store Copies

At a minimum, all parties that sign the document should receive a copy once it is fully executed (everyone has signed). Other interested parties may need or want copies as well. Be sure that you store your copy in a safe location. It is a good idea to keep both a physical and electronic copy.

Step 5: Periodically Review and Update

It is easy to forget the ins and outs of your commercial sublease agreement. Periodically reviewing it will help you stay familiar with any responsibilities or requirements so that you can determine when it needs changes or additions.

If the parties wish to renew the agreement for an additional term (typically one year), then you will need to create a new sublease at the expiration of the current term. When using LegalNature, your answers are always saved in your account to make this process fast and easy.

Step 6: Complete Related Documents

At the end of a fixed-term tenancy, the landlord and tenant will need to sign a new commercial lease agreement in order to extend the term of the agreement. The landlord may also adjust the rental payments and impose any new requirements at this time.

It is also highly recommended for landlords and business owners to create an LLC in order to hold and protect their property title and business from many personal liabilities that often plague sole proprietors.

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