Licence to Share Occupation of Business Premises (P123)

What is this licence for?

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.

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 details does a licence to share occupation contain?

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

When you buy and download the document, you will receive detailed Explanatory Notes to assist you in completing it.

When I download the document, can I change it and/or use it more than once?

Yes, all ContractStore’s templates are in MS Word and you can use the document on more than one project. For more information, watch the video on this page of our website or see our FAQs

Legal support

ContractStore supplies templates and is not a law firm.  But specialist, experienced lawyers write our templates.  So, we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template.  For more information see our Legal Services page.

Contract author: Judith Long

And if you want to contact us see our Contacts page.