Get the free SURPLUS PARCEL SUBLEASE AGREEMENT - lakelemon

SAMPLE ONLY SURPLUS PARCEL SUBLEASE AGREEMENT This Surplus Parcel SUBLEASE AGREEMENT is hereby entered by and between the City of Bloomington Utilities Department (CBU), the Lake Lemon Conservancy

How to fill out surplus parcel sublease agreement

How to fill out a surplus parcel sublease agreement:

1. Begin by gathering all necessary information about the parties involved, including the sublessor (original tenant), sublessee (new tenant), and any additional parties involved in the agreement.
2. Clearly state the duration of the sublease, including the start and end dates. Specify if it is a fixed-term or month-to-month agreement.
3. Describe the specific surplus parcel being subleased, including its address, size, and any amenities or restrictions associated with it.
4. Outline the terms of rent payment, including the amount, frequency, and preferred method of payment. Specify if any utilities or maintenance costs are included in the rent.
5. Include provisions regarding the use of the surplus parcel, such as any specific permitted uses or any prohibited activities. Specify any restrictions or guidelines that the sublessee must follow.
6. Include clauses addressing maintenance and repairs, specifying the responsibilities of both the sublessor and sublessee in keeping the surplus parcel in good condition.
7. Address any insurance requirements, such as whether the sublessee needs to obtain liability insurance or if the sublessor's insurance covers the sublessee's use of the surplus parcel.
8. Include any provisions regarding termination or early termination of the sublease agreement, including any penalties or notice requirements.
9. Outline any additional terms or conditions that both parties need to adhere to, ensuring that both parties have a clear understanding of their obligations.
10. Finally, have both parties sign and date the surplus parcel sublease agreement, and provide copies to each party for their records.

Who needs surplus parcel sublease agreement:

1. Tenants who have excess land or unused property and wish to sublease it to someone else.
2. Businesses or individuals who require extra land or property for a specific period of time, without committing to a long-term lease or purchase.
3. Property owners who want to generate additional income from their surplus land or property by subleasing it to tenants.

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What is surplus parcel sublease agreement?

A surplus parcel sublease agreement is a legal contract that allows a tenant to sublease a portion of their leased property to another party.

Who is required to file surplus parcel sublease agreement?

The tenant who wishes to sublease a portion of their leased property is required to file the surplus parcel sublease agreement.

How to fill out surplus parcel sublease agreement?

To fill out a surplus parcel sublease agreement, the parties involved must provide details of the original lease, the terms of the sublease, and any additional agreements.

What is the purpose of surplus parcel sublease agreement?

The purpose of a surplus parcel sublease agreement is to legally allow a tenant to sublease a portion of their leased property to another party, often to generate additional income.

What information must be reported on surplus parcel sublease agreement?

The surplus parcel sublease agreement must include details of the original lease, the terms of the sublease, the parties involved, and any additional agreements.