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Agreements For Assignment, Sublease & Recapture Rights

Lease Related Agreements
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LA 697 Aggressive Letter Of Intent For Sublease Of Office Space (Including Sublease And Landlord Consent Forms)

This aggressive letter of intent for the sublease of office space is drafted in favor of the sublessee in the deal. It outlines the terms of the sublease in a letter of intent, to which a sublease form and a consent for the landlord in the transaction are attached (sublease and consent forms included). These attachments serve as first drafts of the sublease and the required landlord consent.

The letter of intent and the sublease form provide for a moving allowance, an allowance for space planning services for the subleased premises, and a construction allowance--all for the benefit of the sublessee. The sublessee is also entitled to exterior signage on the building.

The letter of intent contemplates the negotiation and final execution of the sublease during an exclusive period. During the exclusive negotiating period, the sublessor may not negotiate with third parties to attempt to sublease the space, and is to negotiate with the sublessee to conclude negotiations and produce a final form of sublease.

Number of Single Spaced Pages: 16

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LA 735 Amendment And Assignment Of Lease And Sale Of Personal Property To New Tenant With Landlord Receiving Cash And Warrants From Original Tenant

The following form is designed to effect an assignment of an existing lease from the original tenant to a new tenant who will occupy the space after the satisfaction of certain conditions. The agreement also contains the consent of the landlord required under the lease for assignments.

The new tenant is acquiring the furniture and personal property of the original tenant pursuant to a bill of sale which is an exhibit to the agreement. The landlord is to receive cash and warrants to acquire common stock in the original tenant as part of the deal. Exhibits Included: Bill of Sale and Warrant for Common Stock Purchase.

Number of Single Spaced Pages: 27

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LA 351 Lease Assignment, Assumption And Guarantee Necessitated By Corporate Acquisition

These document(s) are designed for an assignment of an existing lease to a company acquiring all of the assets of the existing tenant.

The provisions also indicate that the existing tenant guarantees the performance of the acquiring company, who becomes the new tenant.

Number of Single Spaced Pages: 9

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LA 591 Lease Amendment Allowing An Office Landlord To Recapture A Portion Of The Premises

These document(s) are designed for a transaction where the landlord recaptures a portion of the premises (i.e., the premises of the tenant are reduced, and the landlord is free to lease the recaptured space to a new third party).

Such transactions often occur when the tenant is having business difficulties. Here the rent and parking arrangements are also modified by the documentation.

Number of Single Spaced Pages: 11

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LA 733 Turnkey Sublease By Medical Management Company To Individual Doctor

This medical office sublease is designed for a scenario where an individual doctor or group of doctors subleases space from a medical management company.

The management company also provides management services for the physicians (account collections, the furnishing of personnel, etc.) pursuant to a separate management agreement (not included).

The rent is set on an annual basis by the landlord (the management company). The sublease is extremely pro-landlord in tone.

Number of Single Spaced Pages: 20

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LA 871 Landlord Consent To Sublease And Nondisturbance And Recognition Agreement For Subtenant

These document(s) are designed for a transaction where the commercial landlord consents to a sublease of the premises, and confers certain nondisturbance rights in favor of the new subtenant.

Included provisions also permit certain alterations to the premises by the subtenant, allow the subtenant to exercise a renewal option, and alter the rent payable by the subtenant during the term of the sublease.

Number of Single Spaced Pages: 11

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LA 425 Sublease Of Office Space With Furniture Lease For Existing Furniture In Premises

These document(s) are designed for a sublease between an existing tenant who subleases the premises to a new subtenant. The sublease commences when the landlord consents to the transfer.

As part of the transaction, the subtenant is renting certain furniture listed in an exhibit owned by the tenant during the term of the sublease.

Number of Single Spaced Pages: 12

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LA 1691 The Industrial Sublease Between A Credit Sublessor And A Credit Sublessee

This form is designed for an industrial sublease between an existing tenant and a new subtenant.

Both parties have considerable leverage, and the sublease has detailed provisions concerning insurance, access, parking, maintenance and repair, and use of the premises.

Number of Single Spaced Pages: 20

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LA 1431 The Pro-Tenant Sublease Of Part Of The Premises For The Remainder Of The Term

This sublease was designed for a sublease of a portion of the corporate tenant's premises for the remainder of the term of the lease.

It also provides for payments to the tenant from the subtenant with respect to the purchase of certain fixtures by the subtenant for use in the subleased premises during the sublease.

Number of Single Spaced Pages: 27

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LA 1465 Separate Furniture And Equipment Lease For Subleased Premises

This form is a separate lease for the furniture, equipment and personal property in existing offices subleased by the original tenant to a subtenant.

Number of Single Spaced Pages: 11

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