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Property Licence Agreement
"Need a Property Licence Agreement for a tech startup to use two floors of our office building in Brussels as a coworking space starting March 1, 2025, with specific provisions for 24/7 access and shared meeting facilities."
1. Parties: Identification and details of the Licensor and Licensee, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, brief description of the property, and the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Licence: Scope and nature of the licence being granted, explicitly stating this is a licence and not a lease
5. Property Description: Detailed description of the licensed property and any included facilities or equipment
6. Term and Termination: Duration of the licence, commencement date, and termination provisions
7. Licence Fee and Payment Terms: Amount, payment schedule, review mechanisms, and payment methods
8. Permitted Use: Specified purposes for which the property may be used
9. Licensee Obligations: Key responsibilities and restrictions on the Licensee
10. Licensor Obligations: Key responsibilities of the Licensor including maintenance and service provisions
11. Insurance and Liability: Insurance requirements and allocation of risks between parties
12. General Provisions: Standard clauses including governing law, notices, and entire agreement provisions
1. Fit-out Works: Include when the Licensee is permitted to carry out modifications or installations
2. Services: Include when specific services are provided by the Licensor (e.g., cleaning, security)
3. Environmental Matters: Include for properties with specific environmental requirements or risks
4. Security Deposit: Include when a security deposit or bank guarantee is required
5. Utilities and Outgoings: Include when there are specific arrangements for utility costs and other expenses
6. Shared Facilities: Include when the property includes access to common areas or shared facilities
7. Data Protection: Include when personal data processing is involved in the licence arrangement
8. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
1. Floor Plan: Detailed plan showing the licensed area and any shared spaces
2. Inventory: List of furniture, equipment or fixtures included in the licence
3. Service Level Agreement: Details of any services to be provided by the Licensor
4. House Rules: Building regulations and operational procedures
5. Fee Schedule: Detailed breakdown of licence fee, service charges, and other financial terms
6. Condition Report: Documentation of property condition at commencement of licence
7. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Contact Details: List of key contacts for both parties including emergency contacts
Authors
Real Estate
Commercial Property
Retail
Coworking Spaces
Technology
Professional Services
Manufacturing
Education
Healthcare
Hospitality
Logistics
Research and Development
Legal
Real Estate
Facilities Management
Operations
Finance
Risk and Compliance
Procurement
Property Administration
Business Development
Asset Management
Property Manager
Facilities Director
Real Estate Manager
Legal Counsel
Corporate Lawyer
Operations Manager
Business Development Manager
Asset Manager
Commercial Director
Procurement Manager
Risk Manager
Compliance Officer
Space Planning Manager
Property Administrator
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