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 drafted in favour of the Licensor.
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This document is a Licence to Occupy - Commercial / Shared Office, which outlines the terms and conditions for the licensor to grant the licensee permission to use a designated desk or office space at a specified premises. The document begins by highlighting the importance of the licence, emphasizing the agreement between the licensor and licensee to observe and perform the terms and conditions.
The document is divided into several sections, each addressing different aspects of the licence. In the first section, titled 'Licence', it is stated that the licensor grants the licensee personal permission to use the designated space for a specified term. The commencement and end dates are clearly defined.
Moving on to the second section, titled 'Licence Fee', it explains that the licensee is required to pay the licence fee on a periodic basis. The fee includes fixtures, fittings, equipment, and other items listed in the schedule. The licensee must make full payment on the first day of each period, and failure to do so may result in daily interest charges. The document also states that the licensee cannot use the premises until the deposit and initial licence fee have been paid in full.
The third section, titled 'Deposit', outlines the details of the deposit, including the amount and the timeframe for payment. It states that if the licensee terminates the licence without any violations, the deposit will not be returned. However, if the licensee breaches any part of the contract, the licensor has the right to retain part or all of the deposit as compensation. The document also specifies that if the deposit is insufficient to cover the licensor's costs, the licensee must pay the additional amount within a specified timeframe. The licensor is obligated to refund the deposit within 30 days after the licensee vacates the premises or settles any outstanding payments.
The fourth section, titled 'Other Charges', explains that the licence fee includes the right to occupy the designated space, use of toilets and kitchen facilities, cleaning services, and insurance for the premises. It also mentions that additional charges may be payable by the licensee monthly, based on consumption and bills received from service providers or the management office.
The document further outlines the responsibilities of both the licensor and licensee. The licensor is responsible for ensuring the legality of the premises and its rights to license the use of the premises. The licensee is responsible for promptly paying the licence fee, deposit, and other charges. They must also use the space only for office purposes, keep it clean and tidy, and not allow any actions that may invalidate insurance policies or breach the terms of the licence. The licensee is prohibited from using the space for residential, immoral, or illegal purposes, and must not remove any fixtures or fittings provided by the licensor. Upon vacating the space, the licensee must remove all their equipment and belongings.
The document includes provisions for termination of the licence, stating that it may be determined by the licensor in various circumstances, such as non-payment, bankruptcy, or breach of the licence. Upon termination, the licensor has the right to deduct outstanding payments from the deposit and evict the licensee.
It is important to note that this licence is not a lease and cannot be assigned or shared. The document also includes miscellaneous provisions, such as the entire agreement between the parties, the waiver of breach, and the jurisdiction governing the document.
In summary, this Licence to Occupy - Commercial / Shared Office is a detailed document that outlines the terms and conditions for the licensor to grant the licensee permission to use a designated space. It covers various aspects, including the licence fee, deposit, other charges, responsibilities of both parties, termination, and miscellaneous provisions.
To use this Licence to Occupy - Commercial / Shared Office document, follow these steps:
1. Provide information: Enter the names and principal places of business for both the licensor and licensee in the agreement. This ensures that both parties are clearly identified.
2. Specify the space and term: Clearly describe the designated desk or office space and the term of the licence. Include the commencement and end dates to establish the duration of the agreement.
3. Determine the licence fee: Agree on the periodic licence fee, which includes fixtures, fittings, equipment, and other items listed in the schedule. Specify the payment terms, including the due date for each period.
4. Pay the deposit: Pay the deposit within one business day after signing the licence. Understand that the deposit may be forfeited or retained by the licensor under certain circumstances.
5. Understand other charges: Be aware that the licence fee includes certain rights and services, such as the use of toilets, kitchen facilities, cleaning, and insurance. Additional charges may be payable based on consumption and bills received from service providers or the management office.
6. Fulfill responsibilities: Both the licensor and licensee have specific responsibilities outlined in the document. Ensure prompt payment of the licence fee, deposit, and other charges. Use the space only for office purposes, keep it clean and tidy, and avoid actions that may breach the terms of the licence.
7. Termination: Understand the circumstances under which the licensor may terminate the licence, such as non-payment or breach of the agreement. Be aware that termination may result in the deduction of outstanding payments from the deposit and eviction.
8. Comply with the terms: Remember that this licence is not a lease and cannot be assigned or shared. Read and understand all the miscellaneous provisions, including the entire agreement, waiver of breach, and jurisdiction governing the document.
By following these steps, you can effectively use this Licence to Occupy - Commercial / Shared Office document and ensure compliance with its terms and conditions.