USI Insurance Services previously occupied the space as a subtenant
, and will now be the direct tenant, taking the entire fifth floor and a portion of the sixth floor.
The only difference is that the subtenant
's landlord (usually referred to as a "sublandlord") is itself a tenant under a "master lease"--or a direct lease with the owner of the building -- and you, the subtenant
, generally have to assume all the obligations of your sublandlord under the master lease.
Identify a potential subtenant
and establish key business terms: Once you've spoken with your landlord and you are certain that you will be pursuing a sublease, the next step is to sketch out the key business terms of a sublease arrangement (rent, term, etc.
The subletting route is not without its risks as the subtenant
might default but the subletting is nonetheless a useful thing to do if the subtenant
is a good tenant and is financially sound.
FINRA currently also has space at One Liberty Plaza and 20 Broad Street, where it's a subtenant
of the New York Stock Exchange.
The lease may also contain a more detailed list of required information to help evaluate whether a subtenant
Available on a leasehold basis, we are able to grant significant tenant incentives, such as a rent-free period, to any prospective subtenant
6311 MORAHAN Requires landlords to check state sex offender registry when leasing to a new tenant, subtenant
or adult occupant, and to notify tenants of any listing of such tenant, subtenant
or adult occupant as a sex offender; exempts landlord from any civil or criminal liability for damages for any discretionary decision to release relevant information pursuant to this section or for failing to release such information, unless it is shown the landlord acted with gross negligence or in bad faith.
These are a 60,000-square-foot store, plus a 12,000-square-foot garden center in Charlottesville (which has two subtenants
already in place); an 11,617-square-foot location in Fairfax, which has one subtenant
in place and room for one more; and a Richmond store of 24,820 square feet that also has a subtenant
As a subtenant
under an existing lease for several years, we are pleased to know that the building meets their long term expectations," Wylde said.
The beauty company was already a subtenant
in the space and wanted to remain at the location.
Contract Awarded for subtenant
leasing arrangements dss and health