Shared Office Space Lease Agreement Template

What is a Shared Office Space Lease Agreement?

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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When to use this Shared Office Space Lease Agreement Template?

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:

  • a room;
  • shared office space/work space (such as in a factory or warehouse);
  • an area in a retail store, a clinic, a chair (such as a hairdresser chair);
  • a booth/kiosk;
  • storage space in a garage; or
  • a studio.

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:

  • licence fees - how much, how often and method of payment
  • bond amount
  • length of the rental term
  • licence extension
  • care of the space and premises
  • indemnity
  • liability and loss
  • breach of the agreement

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.

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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.

Sample Shared Office Space Agreement

shared office space rental licence agreement sample

 

 

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