About this document:
This is not a lease, which creates an interest in land, but a mere license. With a license, the property owner is effectively saying "OK, you can occupy my property for a while, but I can interrupt at any time and ask you to leave". To a property owner, the advantage of a license is that in certain circumstances, it is easier to exercise control over licensees than over tenants.
This document is exclusively for the use of a director of a company who effectively works from home and wants to set up provision for claiming home expenses against taxable income.
Key features:
- flexible - alternative paragraphs to suit your needs;
- suitable for many types of business;
- written in plain English!
Contents
· details of the parties, the licence fee and the property;
· permitted use of the property;
· payment – how and when, including interest;
· condition and repair;
· restrictions on the licensee;
· transfer and assignment;
· termination – how and when;
· other legal provisions. | 
