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Licence Rental Agreement
"I need a Licence Rental Agreement for a co-working space in Singapore's CBD, granting flexible access to 10 desk spaces starting from March 2025, with monthly payment terms and the option to terminate with 30 days' notice."
1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Grant of Licence: Terms of the licence grant and permitted use
5. Licence Period: Duration and renewal terms
6. Licence Fee: Payment terms and schedule
7. Obligations of Licensee: Responsibilities and restrictions on the licensee
8. Termination: Conditions for ending the agreement
1. Security Deposit: Terms for security deposit, when required by licensor
2. Utilities and Services: Responsibility for utilities and service charges when not included in licence fee
3. Maintenance and Repairs: Responsibilities for upkeep when specific maintenance obligations need to be defined
4. Insurance: Insurance requirements when specific coverage is required
1. Schedule 1 - Property Details: Detailed description of licensed premises
2. Schedule 2 - Inventory List: List of furniture and fittings included in licence
3. Schedule 3 - House Rules: Building or property specific rules and regulations
4. Appendix A - Floor Plan: Layout and dimensions of licensed premises
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