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 shared office arrangement drafted in favour of the Licensee.
The Licensor shall grant and the Licensee shall occupy the Premises for the Term of Licence (as defined below) with details as more particularly described in the Schedule and both parties agree to observe and perform the terms and conditions as follows:
The Licensor hereby grants to the Licensee personal permission to use such desk and or office space at the Premises and the fixtures, fittings and equipment therein (as per Schedule, if any) as the Licensor shall from time to time designate for a term of X months, commencing on commencement date and expiring on end date.
The Licence Fee is amount on a period basis, the licence fee includes fixtures, fittings and equipment, and other items and fees as listed in the Schedule.
This document should be carefully read by the Licensor and Licensee.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid future disputes, both parties may wish to have their signature witnessed.
License Fee, Term of License and rights and liabilities should all be clearly stated in the Rental Agreement.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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