Standard Sublease Form (Page 6 of 9) in pdf

withhold rent due and deduct the amount thereof, including necessary costs incurred by the State required for

Painting

the administration of such maintenance and repairs, from the rent that may then be or thereafter become due

hereunder.

E. Sublessor understands and agrees that State shall not assume any of Sublessor’s obligations under the Master

Lease.

15. In addition to any painting completed prior to the commencement of this sublease, and touch-up painting required

after initial occupancy upon receipt of written request from the State, Sublessor agrees at Sublessor's sole cost and expense to

repaint all painted surfaces ([X] interior and [ ] exterior) of the subleased premises in accordance with the attached Exhibits

"A" and "B". In no event shall Sublessor be required to repaint more than once during the first sixty (60) month period of

this sublease after the painting completed prior to the commencement date, and once during any succeeding sixty (60) month

period. Sublessor shall, within forty-five (45) days from the giving of any such notice, arrange for and complete the painting.

Colors are to be approved by the State. Sublessor, at Sublessor's sole cost, shall arrange for moving of furniture and

equipment prior and subsequent to the repainting, and provide drop cloths, and covers as necessary.

Change Orders

16. The State shall have the right during the existence of this sublease to make change orders and alterations; attach

and Alterations

fixtures; and erect additions, structures, or signs in or upon the subleased premises. Such fixtures, additions, structures, or

signs so placed in or upon or attached to the premises under this sublease or any extension hereof shall be and remain the

property of the State and may be removed therefrom by the State prior to the termination or expiration of this sublease or

any renewal or extension hereof, or within a reasonable time thereafter.

In the event alterations, fixtures, additions, structures, or signs in or upon the subleased premises are desired by State and

State elects not to perform the work, any such work, when authorized in writing by the State shall be performed at Sublessor

in accordance with plans and specifications provided by State. Sublessor agrees to obtain competitive bids from at least three

licensed contractors and to contract with the lowest bidder. Sublessor further agrees that the overhead and profit for the

work shall not exceed fifteen percent (15%) total for Sublessor and any general contractor combined. Within forty-five (45)

days after receiving Sublessor's notice of completion of the requested work and an invoice requesting payment therefor,

together with a complete detailed accounting of all costs for each trade, State agrees to either reimburse Sublessor by a single

total payment for the cost of such work; or, with Sublessor's prior written approval, State will amortize the cost of the

requested work over the remaining term of this sublease by increasing the monthly rent by an amount to include principal

and interest on the unpaid balance. The interest rate may not exceed the prime rate (the base rate on corporate loans posted

by at least seventy five percent (75%) of the nation’s 30 largest banks) plus 2 percent (2%) as of the date of the State's written

authorization to proceed.

In the event State terminates this sublease on or after the end of the firm term, but before the expiration date of the

sublease, State agrees to pay to Sublessor the portion of the principal balance which is unamortized as of the effective date of

termination. Said payment shall be a single payment to be made within forty-five (45) days after the effective date of the

termination.

Assignment and

17. The State shall not assign this sublease without prior written consent of the Sublessor, which shall not be

Subletting

unreasonably withheld, but shall in any event have the right to sublet the subleased premises.

Quiet Possession

18. The Sublessor agrees that the State, while keeping and performing the covenants herein contained, shall at all times

during the existence of this sublease, peaceably and quietly have, hold, and enjoy the subleased premises without suit, trouble,

or hindrance from the Sublessor or any person claiming under Sublessor.

Inspection

19. The Sublessor reserves the right to enter and inspect the subleased premises at reasonable times, and to render

services and make any necessary repairs to the premises.

20. If the subleased premises are totally destroyed by fire or other casualty, this sublease shall terminate. If such casualty

Destruction

shall render 10 percent (10%) or less of the floor space of the subleased premises unusable for the purpose intended,

Sublessor shall effect restoration of the premises as quickly as is reasonably possible, but in any event within thirty (30) days.

In the event such casualty shall render more than 10 percent (10%) of such floor space unusable but not constitute total

destruction, Sublessor shall forthwith give notice to State of the specific number of days required to repair the same. If

Sublessor under such circumstances shall not give such notice within fifteen (15) calendar days after such destruction, or if

such notice shall specify that such repairs will require more than ninety (90) days to complete from date such notice is given,

Page 6 of 9

(Rev. 5/14)

Standard Sublease Form Page 6

Related Articles

Related forms

Related Categories