SUBLEASE AGREEMENT

by | Jul 7, 2023 | Agreements

SUBLEASE AGREEMENT

THIS SUBLEASE AGREEMENT (“Sublease”) is dated as ______________, by and between ___________________________(“Sublessor”) and _____________________(“Sublessee”), collectively, the “Parties” and each a “Party”.

WHEREAS, Sublessor is the lessee under a written lease agreement dated _________________wherein Abdikarim Ahmed is the lessor.

WHEREAS, Sublessor desires to lease to Sublessee and Sublessee desires to rent from Sublessor a portion of the Master Premises, upon the terms and conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the rents, covenants and provisions contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Sublessor and Sublessee, each intending to be legally bound hereby, agree as follows:

  1. PREMISES
    1. Sublessor hereby sublet to rental property and the rental property is located at _______________________
    1. Sublessee has examined the Premises and is satisfied with its condition. The Parties agree that Sublessor has not made and Sublessee is not relying upon, any statements or representations made by Sublessor or Lessor, or their respective employees. Agents or anyone else acting on behalf of Sublessor or Lessor (as applicable), including without limitation, any statements or representations concerning the condition of the Premises or the fitness of the Premises for Sublessor’s intended use of the Premises. Sublessee acknowledges that it takes the Premises in an “AS IS, WHERE IS” condition.
  2. TERM

This Sublease shall commence on January 11, 2020 (“Commencement Date”) for a term (“Term”) of one year and ends on January 11, 2021.

  • RENT & UTILITIES
    • During the Term, Sublessee agrees to pay Sublessor monthly rent of $ 3,000 per month. All rent under this Sublease shall be paid in lawful money of the United States without notice, offset or demand, with first payment being delivered by Sublessee to Sublessor on the Commencement Date and payments to be made thereafter on the first day of each calendar month.
    • All charges for utilities (including but not limited to electricity, heat and water) in relation to the premises, which are to be paid by the Sublessor under its lease agreement, shall be paid by the Subleasee for the term of this sublease agreement.
  • USE OF PREMISES

Sublessee shall not use or occupy or permit the Premises to be used or occupied, nor do or permit anything to be done in or on the Premises, in whole or in part, in a manner which would in any way violate any term or condition of this Sublease or the Master Lease, or make void or voidable any insurance then in force with respect thereto, or as will cause or be likely to cause injury to any improvements on the Premises or any part thereof, or as will constitute a public or private nuisance, and shall not use or occupy or permit the Premises to be used or occupied, in whole or in part, in a manner which may violate any present or future laws, regulations, ordinances or requirements of any federal, state or local governments, or of any departments, subdivisions, bureaus or offices hereof, or any other government, public or quasi-public authorities now existing or hereafter created having jurisdiction over the Premises.

  • ASSIGNMENT AND SUBLETTING

Sublessee shall not assign this Sublease or further sublet all or any part of the Premises, without Sublessor’s prior written consent, such consent to be withheld in Sublessor’s sole and absolute discretion.

  • INDEMNIFICATION

Sublessee hereby indemnifies Sublessor and Lessor and covenants and agrees to pay, defend and save Sublessor and Lessor harmless from and against any and all liability, loss, damages, cost, expense (including, without limitation, all attorney’s fees and costs of litigation), causes of action, suits, claims, demands or judgments of any nature, whatsoever that arise from Sublessee’s actions or omissions which is based upon, arising from or connected in any manner with (a) injury to or death of any person or damage to any property occurring on the Premises, (b) the use, non-use, possession, operation, maintenance, management or occupation of the Premises or any part thereof, (c) any negligence on the part of Sublessee, or its agents, contractors, servants, employees, licenses or invitees, or (d) the violation by Sublessee of any term, condition or covenant of this Sublease or Master Lease. The obligations of Sublessee under this Section shall survive any termination or expiration of this sublease.

  • BROKER PARTICIPATION

Sublessor and Sublessee warrant and represent that they have dealt with no real estate broker in connection with this Sublease and that no broker is entitled to any commission on account of this Sublease, Sublessor and Sublessee shall each indemnify, hold harmless and defend the other from any and all claims, actual or threatened, for compensation by any such third person, by reason of Sublessor’s or Sublessee’s breach of its representations contained in this paragraph.

  • NOTICES

All notices provided under this Sublease shall be in writing and shall be sufficient if sent by registered or certified mail, return receipt requested, postage prepaid, by prepaid nationally recognized overnight delivery service, or by hand delivery to the Party for whom such notice is intended as follows:

Sublessor: (Enter Address)

Sublessee: (Enter Address)

  • DISPUTE RESOLUTION

If a dispute arises out of or relates to this contract, or its breach, and if the dispute cannot be settled through negotiation, the Parties agree first to try in good faith to settle the dispute by mediation under the Mediation Rules of the American Arbitration Association before resorting to some other dispute resolution procedure.

  1. GOVERNING LAW

This Sublease shall be governed by and construed in accordance with the laws of Michigan.

  1. HEADINGS

The headings to various sections of this Sublease have been inserted for purposes of reference only and shall not limit or define or otherwise affect the express terms and provisions of this Sublease.

  1. COUNTERPARTS

This Sublease may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

  1. ENTIRE AGREEMENT:MODIFICATION

This Sublease contains the entire and only agreement between the parties concerning the Premises and no prior oral or written statements or representations, if any, of any party hereto or any representative of any party hereof, not contained in this instrument, shall have any force or effect. This Sublease shall not be modified in any way, except by writing, executed by Sublessor and Sublessee, and no oral agreements or presentations for rental shall be deemed to constitute a Sublease other than this Agreement. This Sublease shall not be binding until it shall have been executed by Sublessor and Sublessee.

IN WITNESS WHEREOF, the parties have executed this Sublease as of the date and the year first written above.

SUBLESSEE                                                   SUBLESSOR

Name: ________________________                               Name: _______________________________

Signature: ____________________                               Signature: _________________________

Date: ________________________                                             Date: __________________________

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