Rhode Island Sample Sublease - sublease for Franchisor - Leased Locations - Long Form

• Category: Franchises - Leases
• State: Multi-State
• Control #: US-3-03-STP
• Format: Word; Rich Text

Description

The sublessor is a party to a lease agreement by and between the sublessor and the lessor for the operation of a retail store. The sublessor grants to the sublessee the right to occupy the subleased premises upon the terms and conditions set forth in the agreement. The agreement further provides that the subleased premises will be used by the sublessee only for the purpose of conducting a retail store.

Rhode Island Sample Sublease — Subleasfranchisesso— - Leased Locations — Long Form is a legal document that outlines the terms and conditions of subleasing a leased location by a franchisor in Rhode Island. This sublease agreement is specifically designed for franchisors who wish to sublease their leased locations to potential franchisees, enabling them to expand their business operations while maintaining control over the premises. The Rhode Island Sample Sublease — Subleasfranchisesso— - Leased Locations — Long Form includes detailed provisions that ensure all parties involved are protected and that their rights and responsibilities are clearly defined. Here are key components that this sublease covers: 1. Parties: This section identifies the franchisor (the original tenant) and the franchisee (the subtenant), along with their respective addresses and contact details. 2. Recitals: The recitals provide an overview of the franchisor's intent to sublease the leased location to the franchisee, the lease agreement between the franchisor and the landlord, and the franchisee's desire to operate a franchise at the specified location. 3. Premises: This clause describes the specific leased location that will be subleased, including its address, size, and any additional facilities or equipment included. 4. Term: The sublease term is mentioned, specifying the starting and ending dates of the sublease agreement. It may include clauses for renewal options or termination conditions. 5. Rent and Payments: This section outlines the payment obligations of the franchisee, including the monthly rent amount, payment due dates, acceptable payment methods, and any additional charges or fees. 6. Use of Premises: This clause establishes the permitted use of the premises by the franchisee, typically limited to the operation of the specific franchise business. It may also address the franchisee's responsibility for maintaining cleanliness, complying with regulations, and obtaining necessary licenses or permits. 7. Maintenance and Repairs: The responsibilities for maintenance and repairs, including who is responsible for specific elements (e.g., structural repairs, HVAC maintenance), are laid out in this section. It may also include provisions for reimbursing the franchisor for certain expenses. 8. Insurance: The requirement for the franchisee to maintain specific insurance coverage, such as general liability insurance, property insurance, and worker's compensation insurance, is outlined here. 9. Default and Termination: This section covers the events that may lead to default, such as unpaid rent, breach of the sublease agreement, or bankruptcy. It also defines the remedies available to the franchisor in case of default and the conditions for termination. 10. Governing Law: The choice of law that governs the interpretation and enforcement of the sublease agreement in Rhode Island is mentioned in this section. Different types of Rhode Island Sample Sublease — Subleasfranchisesso— - Leased Locations — Long Form may include variations in terms, conditions, and clauses based on specific franchisor requirements or the type of business being operated.