Get your Form 516, Schedule - Agreement to Sub-Lease in 3 easy steps
01 Fill and edit template
02 Sign it online
03 Export or print immediately
What Is Form 516?
Form 516 or Schedule Agreement to Sub-Lease is a standard OREA attachment to Form 515 (Commercial Sub-Lease Form) that forms a part of it. This supportive document serves to confirm the lease agreement between a tenant currently leasing a property, a new tenant searching for a place, and the landlord. It must be signed by all parties to the Agreement to Sub-Lease, which are Sub-Tenant and Sub-Landlord.
What Do I Need Form 516 For?
OREA Form 516 is required in the following cases:
- to indicate the parties involved in the sub-lease procedure (a sub-tenant and a sub-landlord);
- to pinpoint the real estate being leased to a new tenant by a commercial tenant;
- to specify the initial date of the permitted use of the property;
- to confirm certain lease obligations described in Form 515.
How to Fill Out Form 516?
Step 1: Click the “Fill this form” button to get a printable PDF blank and complete it online.
Step 2: The Agreement to Sub-Lease Schedule has one page to fill out. In the first line, provide the full name of the sub-tenant/sub-lessee.
Step 3: The second line requires the name of the sub-landlord/sub-lessor.
Step 4: Indicate the property that is being leased in the third line.
Step 5: Enter the date when the form is signed in line 4.
Step 6: Provide the signatures of both parties at the end of the page.
Step 7: Click the “Done” button to download the fillable form on your PC.
Organizations That Work with Form 516
- Real estate agencies;
- Real estate brokers.
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Fillable online Form 516, Schedule - Agreement to Sub-Lease