Shared Office Space Licence Agreement
This Shared Office Space Licence agreement is used when the “Licensor” occupies office space and they wish to rent a portion of it to another called the “Licensee.”
A licence is different to a Sublease agreement because the office (or part of the office) is shared space. That is, the licensee does not have exclusive use of the area or portion of the area. For example – there may be common areas like a kitchen or bathrooms. Need to know more? This article explains the difference between a licence and a lease.
This document sets out the terms of the space rental, placing clear boundaries on the relationship. It ensures that each party understands their obligations and covers the following issues:
- licence fees – amount , frequency, method of payment
- bond amount
- rental term
- care of the premises
- indemnity
- breaches to the agreement
Putting a written contract in place saves you from being in the uncomfortable position of arguing over who said what, which can often happen when you rely on verbal agreements.
Available for immediate download and can be used as often as you like.
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Sample Excerpt of the Shared Office Space Licence Agreement
