A Commercial Sublease Agreement describes the rights and duties of both the original tenant and the subtenant, whether you're relocating or simply subletting a retail, office, or industrial space in the Philippines.
Word Document (.docx)
Ready to use legal template
Drafted by experienced lawyers
Compliant with Filipino law
Ready to use legal template
Drafted by lawyers
Compliant with Filipino law
Home › Rent your property › Commercial sublease agreement
A Commercial Sublease Agreement allows a sublessee to use all or a portion of the premises in exchange for a monetary charge. A commercial lease can only be subleased with the consent and participation of the lessor. You can also download the Landlord Consent to Sublease Letter. When a contract is signed, it creates very specific relationships. If you want to sublet part or all of a residential property, you can also download your Sublease Agreement from Themis Partner. You will also benefit from the services of a lawyer, who will be able to answer all of your questions and lead you through the process of drafting your commercial sublease contract. It will give you legal protection with your landlord or subtenant.
A business sublet is an arrangement between an existing tenant, a new tenant seeking space, and the property owner.
You are the sublessor when you sublease your space, and your new renter is the sublessee. The subtenant lives in your space (or a portion of your space) for the remainder of the lease term (or whatever period of time is agreed upon, sometimes only a portion of your remaining lease term).
You are still responsible for your lease payments, therefore you must collect money from your subtenant each month and continue to pay your landlord directly.
You should also carefully examine your lease before deciding to sublet your space. Before approaching your landlord for permission, you should understand your sublease rights to ensure there are no restrictions or consent difficulties. Generally, landlords will allow you to sublease your space, but there are a few exceptions.
🔗 To make sure you have the landlord’s consent to sublet the premises, you can download our sample Consent to Sublease Letter.
When you’re ready to sublease your space, advertise it on the relevant commercial real estate websites and apply marketing tactics to get it moving.
Hiring a broker may make subleasing much easier and faster. A broker can assist you in determining the optimum cost for your space, ensuring that it is competitively positioned, and bringing years of marketing knowledge to the table. A broker can also assist you in navigating the difficult negotiating process with both your landlord and possible subtenants.
