Shared Office Agreement

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Shared Office Agreement

This format can also be used if you have space or vacancies in your office and would like to sublet it to others with a reason to share rent and various fees. Always remember to seal and document key clauses that will serve as a guide for future references, especially in the event of litigation. You don`t need to add a plan to the agreement, but if one of them is attached, it just has to indicate the original location of the workstations. They must retain the right to change the location of the job to ensure that the agreement is not interpreted as a lease or a licence. This joint office license defines the conditions for renting the space, including payment fees, the amount of the loan, the duration of the lease, the maintenance of the space and so on. Clause 1: determines where and what the common space is and how it should be used. Article 2: The sensitive point is that the parties recognize that they both accept a licence for the common space. Article 3: There is a difference between a lease agreement and a license, a lease agreement gives the landlord rights and an interest in the property under NZ`s law, it is not a lease agreement. Clause 5: The licensee has a number of obligations to the licensee, which are defined in this clause and include the payment of a fee (and possibly other costs, as agreed between the parties) and compliance with the rules of use of the common space. Article 6: Everything that one of the parties finds in the framework of the Shared Space Agreement is and remains strictly confidential, no questions are asked. Clause 8: Explain the use of the common space, which can be adapted to the layout. Paragraph 10: In principle, the licensee must respect everything that is defined in the head lease. Article 11: It describes everything that leads to the termination of the license agreement.

Clause 12: The taker pays for all costs incurred by the licensee if the taker breaks the rules. The supplier is the one who grants the right to participate. The shareholder is the person or company that shares the offices. If there is more than one shareholder, each must be appointed to ensure that he is maintained as part of the agreement and that he is partly responsible. There may be a maximum of four. In this case, all members of the office contract are parties to the lease agreement and thus become owners. Members may designate a member as a master tenant (master renter) who authorizes him or her as a representative of the management. By examining these points, we hope to give operators and tenants a better understanding of a typical coworking agreement. If both parties are fully informed, the chances of a successful relationship increase dramatically.

This licensing agreement is for parties who wish to share part of a commercial premise with those who wish to use part of that commercial area for commercial purposes. It can be concluded by a company or an individual. Keep in mind that a coworking contract is much closer to an agreement signed by a customer in a hotel, or even a gym membership than a typical CRE leasing contract. Operators provide tenants with access to a wide range of services and economic benefits, not just the physical workstation itself.

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