It is a type of rental agreement, more accurately referred to as a licence, that you (the licensor) use to rent a portion of an office space to someone else (the licensee). Legally this kind of agreement is referred to as a licence and not a lease. It's different to a leasing or subleasing arrangement because the licensee does NOT have exclusive use of the area or part of the area. For example, they may share a kitchen or rest room facilities or other common areas.
This shared office licence sets out the terms and conditions for the rental of the space including payment fees, bond amount, rental term, care of the space and so forth.
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You can use this agreement when you wish to licence the use of a portion of your office to another party. this type of space could be:
This document defines the terms and conditions under which the parties record their interest. It will provide you with strong legal recourse should a misunderstanding arise and/or the other parties fails to fulfil its obligations while under contract.
The Template includes the following provisions:
The convenience of a Shared Office Arrangement rests primarily with the shared use – on days where a licensee isn’t using the shared workspace, their space can be used by the landlord or another licensee.
This agreement is available as a Word document that you can download immediately. It is editable and you can use it as many times as you wish.
Other terms to describe this document:
shared office space licence, office space rental licence, office space licence, co-working space licence, co-working space licence arrangement, shared office space rental agreement