Introduction to Licence, Tenancy and Lease Agreements

Guide

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Please note that this is a general summary of our Licence, Tenancy and Lease Agreements and other related documents and does not constitute legal advice. As each jurisdiction may be different, you may want to speak to your local lawyer.

Members are often confused on which document to use in relation to Licence, Tenancy and Lease Agreements. The following table is a quick reference guide:

Licence to Occupy - Residential

Licence giving the licensee the right to occupy domestic property for a defined length of time. A licensee has only a personal interest and this interest can be revoked by the landowner at any time. This is a short term (Airbnb type) arrangement. Can be in favour of the Licensor / Licensee / neutral. IN MANY JURISDICTIONS, IT IS ILLEGAL TO LET DOMESTIC PROPERTY ON A DAILY BASIS WITHOUT A LICENCE. YOU MAY WISH TO CHECK WITH YOUR LOCAL LAWYER.

Licence to Occupy - Commercial

Licence giving the licensee the right to occupy the commercial property for a defined length of time. A licensee has only a personal interest and this interest can be revoked by the landowner at any time. This is a shared office arrangement. Can be in favour of the Landlord / Tenant / neutral.

Tenancy Agreement - Residential

Tenancy Agreement for the lease of residential property with options on rent free period and early termination. This is generally for a shorter term (usually less than 3 years). Can be in favour of the Landlord / Tenant / neutral.

Tenancy Agreement - Commercial

Tenancy Agreement for the lease of commercial property with options on rent free period and early termination. This is generally for a shorter term (usually less than 3 years). Can be in favour of the Landlord / Tenant / neutral.

Tenancy Agreement - Residential - Representative / Manager

Tenancy Agreement for the lease of residential property with options on rent free period and early termination. This is generally for a shorter term (usually less than 3 years). The Landlord appoints a representative / manager to manage the property on its behalf. Can be in favour of the Landlord / Tenant / neutral.

Lease - Residential

Tenancy Agreement for the lease of residential property with options on rent free period and early termination. This is generally for a longer term (usually more than 3 years and can be registered). Can be in favour of the Landlord / Tenant / neutral.

Lease - Commercial Lease

Tenancy Agreement for the lease of commercial property with options on rent free period and early termination. This is generally for a longer term (usually more than 3 years and can be registered). Can be in favour of the Landlord / Tenant / neutral.

Lease - Residential - Representative / Manager

Tenancy Agreement for the lease of residential property with options on rent free period and early termination. This is generally for a longer term (usually more than 3 years and can be registered). The Landlord appoints a representative / manager to manage the property on its behalf. Can be in favour of the Landlord / Tenant / neutral.

Guarantee to the Landlord in relation to Tenancy / Lease

A guarantee is given by Tenant's parent / employer / owner to the Landlord for the Tenant's obligations in relation to a lease / tenancy / rental. This is required for Tenant with insufficient credit (e.g. small company or overseas employee). Can be in favour of the Landlord / Tenant / neutral.

Document Type:

Checklist / guideline / manual / policy / procedures

Category:

Personal > Property > Tenancy, Lease & Rental Agreement

 
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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.

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