Shared Office Space Licence Agreement
A Shared Office Space Licence Agreement is a written document that sets out the terms of a relationship between a party who has decided to rent a portion of their commercial space (“the Licensor”) and a party who wishes to utilise that space for their own business purposes (“the Licensee”).
It’s important to recognise that this type of arrangement is different to a sublease. In contrast to a tenant, a licensee does not enjoy exclusive access or use of the shared space. For further assistance on determining whether to enter into a lease or a license arrangement, check out this article.
Our Shared Office Space Licence Agreement template covers various issues to ensure that each party understands their rights and obligations.
These issues include
• licence fees – amount, frequency, method of payment
• bond amount
• rental term
• care of the premises
• indemnity
• breaches to the Agreement
Having a written contract in place will provide greater certainty and peace of mind to all parties involved in the transaction.
Sample Page from Shared Office Agreement Template
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