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Sample Sublease for Franchisor - Leased Locations - Short Form

Sublease By Franchisor

Name: Sample Sublease for Franchisor - Leased Locations - Short Form
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.66 (365 reviews)

Category:

Franchises - Leases

State:

Multi-State

Control #:

US-3-02-STP

Format:

Instant download

Description

A company has entered into an agreement with the lessor for the rental of a certain premises. The company has also entered into an agreement with a subtenant to sublease the premises for rent. The subtenant agrees to remit to the company all security deposits required under the lease as security for faithful performance of the subtenant's obligations.

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FAQ

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

Names of all tenants. Limits on occupancy. Term of the tenancy. Rent. Deposits and fees. Repairs and maintenance. Entry to rental property. Restrictions on tenant illegal activity.

Form Lease means the applicable form of lease for the Improvements for a particular Property or any portion thereof to be reviewed and approved by Administrative Agent.

A Lease-Purchase Contract, also known as a Lease Purchase Agreement, is the heart of rent-to-own properties. It combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.

Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

On your sublease agreement, include a list of various areas of the property (including the subtenant's room, hardwood floors, walls, exterior, etc.) and note its condition. And since you and your subtenant will need to abide by the original lease that you signed, it's important to include this with your sublease.

The Gross Lease. The gross lease tends to favor the tenant. The Net Lease. The net lease, however, tends to favor the landlord. The Modified Gross Lease.

Writing Your Sublease. State the name of the parties and the date of the contract. Identify the full names of each party and what their role is in the contract. The original leaseholder of the property is the Tenant and the person subletting the property is the Subtenant.

A Memorandum of Lease or Short Form Lease (MOL) is usually a very short document (one to five pages in length, on average, depending on the complexity of the lease and the jurisdiction of the premises).

Sublease By Franchisor

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