When a Lessee leases out the whole or part of the leased premises to a third person it is called a sublease. Even if a proper sublease exists, the primary lessee will be responsible for payment of all charges to the primary lessor and the primary lessee will be responsible for any damage caused by the sub lessee. This Equipment Sublease, which is a part of the Keyholder Agreement, is an agreement by which equipment is subleased. In the agreement, the equipment is subleased along with a sublicense to use the network and software necessary for the use of the equipment. Key Holder service is generally a password based database application. Such services often provide local authorities with emergency contact and keyholder information.
The Wisconsin Equipment Sublease of keyholder Agreement is a legally binding contract that outlines the terms and conditions for subleasing equipment in the state of Wisconsin. This agreement is specifically designed for situations where the primary lessee of the equipment (hereinafter referred to as the "Sublessor") wishes to sublease the equipment to a third party (hereinafter referred to as the "Sublessee") while maintaining control over the keys and access to the equipment. The agreement typically starts with a clear and concise statement of the intent of the contract, identifying the parties involved, the specific equipment being subleased, and the duration of the sublease. It also includes a detailed description of the equipment, including any identifying marks, serial numbers, or other relevant information. The agreement further outlines the responsibilities and obligations of both the Sublessor and the Sublessee. The Sublessor assumes the responsibility of ensuring that the equipment is properly maintained and in good working condition before subleasing it. They also agree to provide the Sublessee with access to the equipment and its keys upon signing the agreement. The Sublessee, on the other hand, agrees to use the equipment solely for its intended purpose and in accordance with any applicable laws, regulations, or guidelines. They also agree to take reasonable care of the equipment, maintain it in good condition, and promptly report any damages or malfunctions to the Sublessor. The agreement also includes provisions for payment and insurance. The Sublessee agrees to pay the Sublessor a predetermined rental fee for the sublease period, which could be a fixed amount or a percentage of the equipment's value. Additionally, the Sublessee may be required to provide proof of insurance covering the equipment against loss, damage, theft, or any other risks. In case of any disputes or breaches of the agreement, the contract typically includes a section outlining the governing law, jurisdiction, and dispute resolution mechanisms. Both parties may agree to resolve disputes through mediation, arbitration, or litigation in the state of Wisconsin. It is worth noting that while there may not be different types of Wisconsin Equipment Sublease of keyholder Agreements in terms of the document itself, the specific terms, conditions, and equipment being subleased can vary depending on the parties involved and their individual circumstances.
