Renting Section of a Workplace
Summary A landlord wanting to sign a simple Lease Agreement with a tenant, renting section of a workplace on his/her own business property can use an Agreement of Lease. For example, someone running their own business from their property may find that office or storage space on the property is not being fully utilised, and could be leased to a third party.
Note: it is recommended that you obtain the lessee’s details, and conduct a background check before finalising the Lease Agreement. The Tenant Application Form may be used for this purpose.
What does the Contract of Lease say? The Lease Agreement covers the following issues: letting and hiring; duration; rent; use; rates, electricity, service charges; maintenance and repairs; destruction of property; laws; insurance; improvements; lessor’s rights; sub-letting; breach; general.
What does the Rental Agreement look like? The template rental terms and conditions can be printed onto five pages.
What do you need to do to use the Workspace Rental Agreement Form?
- Read the rental contract to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details in the template lease agreement. When renting section of a workplace make sure that the section being rented is clearly identified.
- Ensure that the agreement is signed by both the tenant and the landlord.
Also known as: Rental Agreement; Lease Agreement; Property Rental Agreement; Rental Contract; Terms of Lease; Rental Terms and Conditions; Lease of Property Agreement.
Also viewed: Commercial Lease Agreement
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