Sublease: Lease and Sublease Termination Date Essay

Submitted By sekam10
Words: 1399
Pages: 6

Sublease Agreement

Date: DECEMBER 1ST, 2011

Sublessor:

Sublessor's Address:

Sublessee: JRARG Interest, LLC

Sublessee's Address:

Subleased Premises:

Sublease Commencement Date: DEC 1ST, 2011

Sublease Termination Date:NOV. 10, 2014

Sublease Term: 36 MONTHS

Sublease Rent: Minimum/Base Rent $ 2644.25 Estimated CAM Charges: $ 479.74 Total Rent Payment/mo. $ 3,123.99

Permitted Sublease Use: OPERATION OF THE
Base Lease

Date: DECEMBER 1ST, 2011

Landlord: NEC FM 1488 & FM 2978

Landlord's Address: 1800 BERING DR, SUITE 550
HOUSTON, TEXAS 77057

Tenant: Tenant's Address:

Premises

A. Sublessee agrees to -

1. Sublease the Subleased Premises for the Sublease Term beginning on the Sublease Commencement Date and ending on the Sublease Termination Date.

2. Pay the Sublease Rent to Sublessor in advance of the first day of each month.

3. Obey all laws, rules and regulations, and terms of the Base Lease as they apply to the Subleased Premises.

4. Vacate the Subleased Premises and return all keys to the Subleased Premises on termination of this sublease.

5. Indemnify, defend, and hold Sublessor harmless from any loss, attorney's fees, court and other costs, or claims arising out of use of the Subleased Premises or resulting from Sublessee's failure to comply with the Base Lease.

6. Maintain public liability insurance for the Subleased Premises and the conduct of Sublessee's business, with Sublessor named as an additional insured, in the amounts stated in the Base Lease/CAM expenses.

7. Maintain insurance on Sublessee's personal property.

8. Deliver certificates of insurance to Sublessor before the Sublease Commencement Date and thereafter when requested.

B. Sublessee agrees not to -

1. Use the Subleased Premises for any purpose other than the Permitted Sublease Use.

2. Create a nuisance.

3. Interfere with any other tenant's normal business operations or Landlord's management of the building.

4. Permit any waste.

5. Use the Subleased Premises in any way that is extrahazardous, would increase insurance premiums, or would void insurance on the building.

6. Change Landlord's lock system.

7. Alter the Subleased Premises.

8. Allow a lien to be placed on the Subleased Premises.

9. Assign this sublease or sublease any portion of the Subleased Premises without Sublessor's written consent.

C. Sublessor agrees to -

1. Sublease the Subleased Premises to Sublessee for the Sublease Term.

2. Comply with Tenant's obligations under the Base Lease.

3. Enforce Landlord's obligations under the Base Lease.

4. Make available to the Subleased Premises all services and rights provided under the Base Lease.

D. Sublessor and Sublessee agree to the following:

1. Defaults by Sublessee are (a) failing to pay timely Sublease Rent, (b) abandoning or vacating a substantial portion of the Subleased Premises, and (c) failing to comply within ten days after written notice with any provision of the Base Lease or sublease other than the defaults set forth in (a) or (b) above.

2. Sublessor's remedies for Sublessee's default are to (a) enter and take possession of the Subleased Premises, after which Sublessor may relet the Subleased Premises on behalf of Sublessee and receive the Sublease Rent directly by reason of the reletting, and Sublessee agrees to reimburse Sublessor for any expenditures made in order to relet; (b) enter the Subleased Premises and perform Sublessee's obligations; and (c) terminate this sublease by written notice and sue for damages.

3. Default by Sublessor is failing to comply with any provision of this sublease within