License to Share Leasehold With Third Party
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Jurisdiction
England and WalesRelevant sectors
Type of legal document
🏚️ Sub-licence agreementBusiness activity
Share occupationA sub-licence agreement is a contract between the owner of a licence and another party who wishes to use the licensed material. The agreement sets out the terms on which the sub-licence is granted, including the duration of the licence, the territory in which the licensed material can be used, and any other restrictions on use.
The agreement sets out the terms and conditions agreed upon by the licenseholder and the third party, including the specific areas of the property that will be used, the duration of the license, and any limitations or restrictions on the third party's use. It may also outline any additional obligations or responsibilities of the third party, such as maintaining cleanliness or adhering to certain regulations during their occupancy.
Under UK law, leasehold agreements are subject to various statutory provisions and regulations, and this template ensures compliance with such legal requirements. It may address matters such as the strict subletting or assignment provisions imposed by the original lease, the need to obtain consent from the landlord or managing agent, and the potential consequences for breaching the terms of the leasehold agreement.
By using this legal template, leaseholders can establish a clear and legally binding arrangement with a third party, ensuring that both parties' rights and obligations are protected. It provides a framework for a successful and mutually beneficial sharing of the leasehold property, avoiding potential disputes or misunderstandings in the future.
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