Sublease Analysis Checklist: What to Review Before Subleasing
A comprehensive checklist for tenants subleasing commercial space, covering consent requirements, recapture rights, profit splits, liability, and holdover provisions.
Lextract extracted 126 fields from ZixCorp's Ontario, Canada sublease: CAD currency, provincial HST provisions, and Ontario governing law from a non-US commercial lease.
By Angel Campa, Founder · Updated March 2026
Location
Toronto, ON, Canada
Size
18,000 RSF
Annual Rent
$576K/yr
Term
24 months
About this case study. Lextract case studies show how the extraction pipeline handles a specific lease document type and complexity profile. Named parties are drawn either from publicly available lease documents (such as lease exhibits attached to SEC filings) or are illustrative names used to demonstrate a scenario. In either case, their inclusion on this page is not a claim that the named tenant or landlord is a Lextract customer or endorses the product. Extraction outputs shown (fields, values, confidence) reflect the actual results of running the underlying document through Lextract.
Tenant
ZixCorp
Landlord
Toronto Centre Properties (Sublandlord)
This non-US lease is governed by Ontario, Canada law and references Canadian dollar amounts, provincial tax provisions, and Canadian landlord-tenant regulations that differ substantially from US commercial lease norms. Cross-border extraction must correctly handle currency, legal references, and province-specific provisions.
Lextract correctly identified the Canadian jurisdiction, extracted amounts in CAD, identified the Ontario provincial regulations referenced, and applied the appropriate legal framework for interpreting landlord-tenant provisions. The gross lease structure and Canadian property tax provisions were correctly classified.
126
Fields Extracted
5-15 minutes
Extraction Time
| Field | Extracted Value | Why It Matters |
|---|---|---|
| Jurisdiction | Ontario, Canada | Provincial law governs - different from any US state requirements |
| Currency | CAD (Canadian Dollars) | All amounts in CAD - must flag for US portfolio currency normalization |
| Annual Rent (CAD) | CAD $576,000 | $32 CAD/RSF gross - Toronto downtown Class B office rate |
| Lease Type | Gross | Landlord pays all operating expenses - unusual for Canadian commercial |
| Provincial Tax | Ontario HST applicable | Harmonized Sales Tax on rent - different from US sales tax treatment |
| Governing Law | Province of Ontario | Dispute resolution and enforcement follow Ontario courts |
Yes. Lextract handles leases from Canada, the UK, and other English-language jurisdictions. Jurisdiction is detected automatically and province/country-specific provisions are extracted with appropriate labeling. Currency amounts are extracted as-stated and flagged for normalization.
Lextract extracts the currency as stated in the document (CAD, USD, GBP, etc.) and presents amounts with the currency code. Conversion to a common currency for multi-currency portfolios requires the user to apply an exchange rate at export time.
A comprehensive checklist for tenants subleasing commercial space, covering consent requirements, recapture rights, profit splits, liability, and holdover provisions.
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