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
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
Under 3 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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