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Rental License Agreement

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Agreement

10 November 2020 by Joanne

What is a Rental License Agreement

The Rental License Agreement is designed to put down on paper the arrangement between the party who has decided to share part of their commercial space (this is who we call the ‘Licensor’) and the person who has decided to use part of this space for their business (this is who we call the ‘Licensee’). The Agreement sets out the key terms agreed to between the two parties such as where and what the shared space is, how long the sharing arrangement shall be for, how much it will cost the Licensee and various other rights and obligations that both parties agree to.