This Rental agreement Formal Contract (subsequently referred to as the “Agreement”) is made on the date indicated below (hereinafter referred to as the “Effective Date”) by as well as between ________________________, with only an address of ________________, (subsequently referred to as the “Subtenant”) and ________________, with a location of ________________, (subsequently referred to
The sublease premises are situated at (location) .The required monthly rent payment . It must be paid in full before the first of each month, making the first installment of rent due on .
Payment & Cost
Both parties favor using the following mode of payment.
Utility costs – By signing this agreement, both parties recognize and agree that the New tenant is in charge of paying all utilities and related fees.
By signing this agreement, both parties acknowledge and agree that the New tenant is solely liable for all utilities and other costs related to the Property.
Before occupying the space, the new tenant will pay you a security deposit in the amount of to cover any damages to the space and for cleaning.
- Upon the termination of this Agreement, the non refundable deposit would be reimbursed to the Subtenant, provided that the property is left in the exact condition as when it was vacant.
Insurance must be obtained by the Subtenant and must fulfill the minimal requirements outlined in the Sublessor’s lease contract.
Any of following events may result in the termination of this Agreement:
- As soon as possible after one of the Participants violates this Agreement.
- During any time by giving the other party written notice at least _______________ days before ending the Agreement.
Any disagreement originating from or related to this Agreement must be resolved through arbitration, mediation, or negotiation (circle one), all of which must be done in conformity with the laws of the .
The rules of _______________ shall apply to the interpretation and application of this Agreement.
In the instance that any clause in this Agreement is determined by a court with jurisdiction to be invalid and unenforceable, the other terms shall anyway be valid to the extent intended by the Parties.
A Whole Settlement
This Arrangement is the entire understanding and agreement between the Party groups hereto with regards to the contents hereof, and it encompasses all previous express or implied, verbal or written, and of any kind including, agreements, conceptions, enticements, and conditions with respect to such subject matter. Any terminology of the trade that conflicts with one of the terms herein is superseded and replaced by the explicit conditions today.
The Parties understand that this Agreement may be modified only in a document signed by both of the Parties hereto Shared Office Space. Any modifications made between the Parties shall therefore be incorporated into this Agreement.
The following signatures from the Parties show that they have read and recognize the terms and details of this Agreement Shared Office Space.