License AgreementsHow Serviced Offices Work

License Agreements

Desks or private offices in serviced office space are not subject to standard office lease terms. Instead, an agreement between a tenant and a company is established in the form of a ‘License Agreement’. A serviced office license agreement is a ‘license’ to use part of a company’s leased premises in return for paying a monthly license fee. A license agreement is simple, quick and stress-free to set-up. In most cases there are no legal costs or credit checks required, and you can take occupation in as little as 24 hours.

What a License Agreement Covers

  • Rent, rates, heating, cooling, electricity and water.
  • Office/building management, including maintenance, repairs and cleaning/disposal services.
  • Building insurance.
  • Manned reception and facilities.
  • 24-hour access.
  • Disability access.
  • Security and CCTV.
  • Refreshments and breakout areas.
  • Some meeting room use (provider/package dependent) – consult your agreement.
  • Digital scanning.
  • Office furniture.
  • Cycle storage where applicable.

THE

We believe that ‘fit’ is of paramount importance when searching for and selecting your ideal serviced office space. Whether you are a freelancer, SME or global corporate, it is vital that your coworking space reflects your business, staff needs, brand or values as closely as possible.

CORRECT

Hot desking that might be suitable for start-up media company will almost certainly not work for a hedge fund and this is why we focus so heavily on an industry-driven search approach backed by our thorough knowledge of the marketplace and coworking industry as a whole.

FIT

Not all coworking spaces offer the same level of data feed or security. Perhaps you need FCA compliant call recording or secure badge entry to your private office suite? Parking is a must? These are just a few of many different factors that may come into consideration when selecting your space.

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What are the Terms of a License Agreement?

A license agreement is prepared on the assumption that an Operator/Licensor (serviced office provider) would allow a Customer/Licensee occupation of a designated space on a short term basis only. Most importantly, the Customer/Licensee will not have exclusive possession of the designated space as this is what really separates a license agreement from a traditional office lease. Where an occupier of a commercial premises has exclusive possession of a business premises, they can then acquire legal rights to remain at the designated space after the agreement ends. This always the case unless the agreement is legally excluded from those rights at the very outset. A license agreement usually gives both the Operator/Licensor and the Customer/Licensee the right to terminate the agreement, with a typical notice period of 28 days.

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