Licence Agreement Property

Ben Cobb, Commercial Property Solicitor, explains: “For example, a license can be very advantageous for start-ups because they do not bind the tenant to a long-term lease. This is obviously useful if their future requirements in terms of activity level and space are uncertain. In this situation, licenses are the most efficient solution with service workshops and offices for both parties. A catering (food) agreement does not necessarily deprive a resident of exclusive ownership, unless the food must be put in the room so that the tenant loses exclusive ownership. If you are a tenant or lessor wishing to issue or obtain a commercial real estate license agreement, we strongly recommend that you speak to an experienced commercial real estate lawyer beforehand. On the other hand, licenses do not grant tenants full control of the property….

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