Sublease: Lease and Sublease Termination Date Essay

Submitted By sekam10
Words: 1399
Pages: 6
Open Document
Sublease Agreement

Date: DECEMBER 1ST, 2011

Sublessor:

Sublessor's Address:

Sublessee: JRARG Interest, LLC

Sublessee's Address:

Subleased Premises:

Sublease Commencement Date: DEC 1ST, 2011

Sublease Termination Date:NOV. 10, 2014

Sublease Term: 36 MONTHS

Sublease Rent: Minimum/Base Rent $ 2644.25 Estimated CAM Charges: $ 479.74 Total Rent Payment/mo. $ 3,123.99

Permitted Sublease Use: OPERATION OF THE
Base Lease

Date: DECEMBER 1ST, 2011

Landlord: NEC FM 1488 & FM 2978

Landlord's Address: 1800 BERING DR, SUITE 550
HOUSTON, TEXAS 77057

Tenant: Tenant's Address:

Premises

A. Sublessee agrees to -

1. Sublease the Subleased Premises for the Sublease Term beginning on the Sublease Commencement Date and ending on the Sublease Termination Date.

2. Pay the Sublease Rent to Sublessor in advance of the first day of each month.

3. Obey all laws, rules and regulations, and terms of the Base Lease as they apply to the Subleased Premises.

4. Vacate the Subleased Premises and return all keys to the Subleased Premises on termination of this sublease.

5. Indemnify, defend, and hold Sublessor harmless from any loss, attorney's fees, court and other costs, or claims arising out of use of the Subleased Premises or resulting from Sublessee's failure to comply with the Base Lease.

6. Maintain public liability insurance for the Subleased Premises and the conduct of Sublessee's business, with Sublessor named as an additional insured, in the amounts stated in the Base Lease/CAM expenses.

7. Maintain insurance on Sublessee's personal property.

8. Deliver certificates of insurance to Sublessor before the Sublease Commencement Date and thereafter when requested.

B. Sublessee agrees not to -

1. Use the Subleased Premises for any purpose other than the Permitted Sublease Use.

2. Create a nuisance.

3. Interfere with any other tenant's normal business operations or Landlord's management of the building.

4. Permit any waste.

5. Use the Subleased Premises in any way that is extrahazardous, would increase insurance premiums, or would void insurance on the building.

6. Change Landlord's lock system.

7. Alter the Subleased Premises.

8. Allow a lien to be placed on the Subleased Premises.

9. Assign this sublease or sublease any portion of the Subleased Premises without Sublessor's written consent.

C. Sublessor agrees to -

1. Sublease the Subleased Premises to Sublessee for the Sublease Term.

2. Comply with Tenant's obligations under the Base Lease.

3. Enforce Landlord's obligations under the Base Lease.

4. Make available to the Subleased Premises all services and rights provided under the Base Lease.

D. Sublessor and Sublessee agree to the following:

1. Defaults by Sublessee are (a) failing to pay timely Sublease Rent, (b) abandoning or vacating a substantial portion of the Subleased Premises, and (c) failing to comply within ten days after written notice with any provision of the Base Lease or sublease other than the defaults set forth in (a) or (b) above.

2. Sublessor's remedies for Sublessee's default are to (a) enter and take possession of the Subleased Premises, after which Sublessor may relet the Subleased Premises on behalf of Sublessee and receive the Sublease Rent directly by reason of the reletting, and Sublessee agrees to reimburse Sublessor for any expenditures made in order to relet; (b) enter the Subleased Premises and perform Sublessee's obligations; and (c) terminate this sublease by written notice and sue for damages.

3. Default by Sublessor is failing to comply with any provision of this sublease within
Show More

Related Documents: Sublease: Lease and Sublease Termination Date Essay

A Brief Note On Web Application

ADDRESS ______________________________ _____________________________ ______________________________ SOCIAL SECURITY _____________________ DATE OF BIRTH _______________________ HOME PHONE __________________________ WORK PHONE __________________________ CELL PHONE __________________________ EMAIL _______________________________ SOCIAL SECURITY ______________________ DATE OF BIRTH ________________________ HOME PHONE ___________________________ WORK PHONE ___________________________ CELL PHONE ___________________________…

Words 3566 - Pages 15

AUTOMATIC RENEWAL LEASE Essay

AUTOMATIC RENEWAL LEASE (This is a legally bindingcontract. Ifnot understood, seek competent advice). The word apartment shall include single-family residence, duplex, triplex and any residential unit. THE STATE OF ALABAMA COUNTY OF JEFFERSON THIS LEASE made and entered into on this 14th day of May 2015 , by and between Immanuel Enterprises LLC. (Hereinafter referred to as Lessor or Landlord) and, , (hereinafter referred to as Lessee or Tenant), by JMA Realty, (hereinafter referred to as Agent for…

Words 5422 - Pages 22

Note Econocmis Essays

remainder-man Dower/homestead rights; gives the spouse a claim to a substantial portion of all family assets in case of marriage breakdown Leasehold Estates Leases are limited to a specific period of time, after which property reverts back to the landowner May be short or long-term (99 years) Periodic tenancy; no definite termination date and continues to be renewed until terminated by notice Lesser Interests in Land Do not convey the give to exclusive possession of the property Easement;…

Words 2633 - Pages 11

Originality: Leasehold Estate and Premises Essay

APARTMENT LEASE This lease made as of ____________________, between the “Landlord” and the “Tenant.” Landlord: Tenant: 1. Lease. The Landlord leases to the Tenant Apartment No. ____________ (the “Premises”) at ____________ (the “Building”) for a term beginning on ____________ and ending on ____________ (the “Term”). Any occupancy of the Premises by the Tenant shall be subject to the present tenant vacating the Premises. 2. Rent. The Tenant shall pay to the Landlord rent (the “Rent”) during the…

Words 4187 - Pages 17

Essay about Similarities and Differences. a Comparison of Ifrs and Us Gaap

Similarities and Differences A comparison of IFRS and US GAAP October 2007 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2007 IFRS technical publications IFRS Manual of Accounting 2008 Provides expert practical guidance on how groups should prepare their consolidated financial statements in accordance with IFRS. Comprehensive publication including hundreds of worked examples, extracts from company reports and model financial statements. IFRS News Monthly…

Words 33240 - Pages 133

Comm Law Uh Essay

* Real property: land and everything attached * Personal property (chattel): items that can be moved * Tangible: television * Intangible: stocks and bonds * States asses taxes on real property * Businesses pay taxes on personal property * Vegetation that is removed becomes personal property; annual crops are always personal property * Minerals are always real property until removed/ extracted * Personal property that is attached, and can easily be removed…

Words 6005 - Pages 25

Pros And Cons Of Commercial Exhibitor Contracts

such business as is set forth in this Contract and only during the term of the Last Chance Stampede & Fair, from Wednesday July 25th, to Sunday, July 29th, 2012. Commercial Booth is not permitted to operate its business prior to the specified dates. Under the provisions of this Contract, Commercial Booth is entitled to rent space from Lewis & Clark County Fairgrounds to sell goods or provide information to Fair patrons. Lewis & Clark County must approve all goods and services prior to…

Words 3434 - Pages 14

CONTRACTS Exam Notes Essay

PRINCIPLES OF CONTRACTUAL LIABILITY LAWS11-212 NOTES DEFINITIONS: Estoppel: Prevents promissors reneging in their promises where it would be unconscionable for them to do so, Waiver: Strict performance, can still be technically demanded, but won’t be insisted on. Privity: Only a party original to contract may sue. Unilateral contract: reward type contracts – obligation one sided Collateral contract: statements that are intended to have some contractual significance but are not included as terms…

Words 8301 - Pages 34