ContractStore - Licence to Share Occupation of Business Premises

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P123L - Licence to Share Occupation of Business Premises

Description and usage
Licence to Share Occupation of Business Premises

This licence from a landlord permits the tenant to share occupation of its leasehold premises with a third party.

It could be used, for example, where a tenant wants to share space in a department store or shop with a concessionaire, or where the tenant is a company and wants to share office space with another company in the same group.

This four page document contains 9 clauses covering

definitions and interpretation
consent to share
costs
indemnity
guarantor
notification of sharing of occupation
notices
Contracts (Rights of Third Parties) Act 1999
applicable law

The licence is designed for use when the wording in the lease prohibits sharing but the landlord is willing in particular circumstances to allow the tenant to share the property.

What's in it? - See detailed Explanatory Notes below

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Licence to Share Occupation of Business Premises

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You will find this contract in:

	Full Catalogue
	Property & Premises

You may also find these contracts of use:

P101L	Licence to Occupy Offices
P106	Commercial Lease of Business Premises (under 7 years)
P110L	Heads of Terms for Commercial Letting
P116	Licence for Alteration to Premises under a Lease
P117L	Underlease of Part of a Building
P119L	Short term Lease of a Shop
P120L	Tenancy at Will

What's in it?

Whilst for obvious reasons we can't show you the actual item before you purchase it, we can do the next best thing. We show you the explanatory notes that go with each contract and, in the case of books and forms, a brief summary. These will give you a good idea of the content of the document before you buy it.

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