Commercial property licence
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- Length:2 pages (400 words)
- Available in:
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About this commercial property licence agreement
This agreement creates a licence to occupy commercial premises, not a lease. The difference is important because a lease creates an interest in land and gives the tenant additional rights - particularly with respect to stay in the property when the lease term expires.
This property licence includes minimal and usual provisions in simple format, specifically to avoid it being interpreted as a lease.
The document might be used to:
- let spare office rooms, unused workshops or warehouse space to another business
- bring in another trader on a shop floor
- rent office space on a short term, flexible basis, for example as 'incubator' space for start-up businesses
- let a parcel of spare land to another business to store vehicles or machinery
This document has been carefully drawn so as to avoid being interpreted as a lease under Landlord & Tenant Act 1980.
Similar documents
If you need a lease rather than a licence to occupy, we have a large collection of business lease agreement templates for all types of property.
Contents
- Property details
- Licence fee
- Licence fee inclusions such as services and rates
- Payment provisions: all payments the tenant might have to make
- Use allowed: restrictions on how the occupier can use the property
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