Sublease (Office - NYC)

SUBLEASE dated as of _____________ between _______________________, Sublandlord and _______________________, Subtenant American LegalNet, Inc. www.FormsWorkFlow.com Table of Contents 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Definitions and Basic Terms................................................................................................1 Demise; Term; Permitted Use..............................................................................................4 Rents. ...................................................................................................................................5 Condition of the Sublease Premises; Sublandlord's Work ..................................................7 Subordination to and Incorporation of the Overlease..........................................................8 Insurance and Indemnification...........................................................................................11 Covenant of Quiet Enjoyment ...........................................................................................12 Assignment and Subsubletting...........................................................................................12 Electricity...........................................................................................................................13 Alterations..........................................................................................................................13 Personal Property ...............................................................................................................13 Security Deposit.................................................................................................................14 Notices ...............................................................................................................................17 Broker ................................................................................................................................17 Overlandlord Consent ........................................................................................................18 Miscellaneous ....................................................................................................................18 List of Exhibits A B C D E F Sublease Premises Sublandlord's Work Overlease Overlease Provisions Which Are Not Incorporated Provisions Method of Charging for Electricity Included Personal Property American LegalNet, Inc. www.FormsWorkFlow.com FORM OF SUBLEASE (1999, revised 2011): This form was originally prepared by the Committee on Real Property Law of the Association of the Bar of the City of New York. This form may have been altered by the user and any such alterations may not be apparent. To view or download the original unaltered text of this form and a Commentary about this form, visit the Real Estate Forms site at the Media and Publications link at www.nycbar.org. This form will not be suitable for all transactions. No warranty or representation is made as to the legal sufficiency of the form. SUBLEASE dated as of the Sublease Date between Sublandlord and Subtenant W I T N E S E T H: WHEREAS Sublandlord is now the tenant under the Overlease which demises portions (the "Overlease Premises") of the Building; and WHEREAS Sublandlord desires to sublease to Subtenant, and Subtenant desires to sublease from Sublandlord, the Sublease Premises on the terms and conditions contained herein; NOW, THEREFORE, in consideration of the mutual covenants herein contained, Sublandlord and Subtenant agree as follows: 1. Definitions and Basic Terms Set forth below are certain definitions and basic terms of this Sublease. 1.1. 1.2. 1.3. 1.4. 1.5. Sublease Date Sublandlord Subtenant Overlandlord Overlease ___________________________________________________ ___________________________________________________ ___________________________________________________ the landlord under the Overlease. _____________________ is now the Overlandlord. that certain lease dated ____________ originally between _________________________________________, as landlord, and ________________________________________, as tenant, as amended on the following dates: _______________ _____________________________________ and as hereafter amended. all of the provisions of the Overlease except for those listed on Exhibit D hereto. 1.6. Incorporated Provisions American LegalNet, Inc. www.FormsWorkFlow.com 1.7. 1.8. Building Sublease Premises ___________________________________________________ [Check one.] __ all of the Overlease Premises now demised by the Overlease as shown on Exhibit A hereto. __ the portion of the Overlease Premises shown on Exhibit A hereto. 1.9. 1.10. Expiration Date Sublease Base Rental Rate Subtenant's Proportionate Share Sublease Premises Rentable Area ___________________________________________________ $_______ per annum. Regardless of the Method of Charging for Electricity selected in Section 1.17, the Sublease Rental Rate does not include a charge for electricity. _______ percent 1.11. 1.12. __________________ rentable square feet. This area is agreed upon by Sublandlord and Subtenant, and shall be used for all purposes of this Sublease regardless of the actual area of the Sublease Premises. __________________ rentable square feet. This area is agreed upon by Sublandlord and Subtenant, and shall be used for all purposes of this Sublease regardless of the actual area of the Overlease Premises. 1.13. Overlease Premises Rentable Area 1.14. If Subtenant will pay additional rent based on increases in real estate taxes, check here __ and complete Section 1.14.1 and 1.14.2. 1.14.1. Sublease Real Estate Taxes Base Year 1.14.2. Real Estate Taxes ___________________________________________________ ___________________________________________________ [Insert term used in the Overlease to refer to real estate taxes, e.g. Taxes, Real Estate Taxes, Impositions.] 2 American LegalNet, Inc. www.FormsWorkFlow.com 1.15. If Subtenant will pay additional rent based on increases in operating expenses, check here __ and complete Section 1.15.1 and 1.15.2. 1.15.1. Sublease Operating Expenses Base Year 1.15.2. Operating Expenses ___________________________________________________ ___________________________________________________ [Insert term used in Overlease to refer to operating expenses, e.g. Operating Expenses, Expenses, Basic Cost.] 1.16. If Subtenant will pay additional