Licence agreement to use part of home as an office
- Length:5 pages (1000 words)
- Available in:Microsoft Word DOCXApple PagesRTF
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About this document
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.
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. A further advantage is that the swirling mists and high costs of solicitors can be avoided. However, since Net Lawman now provides a “real” lease at a modest price, it is now possible to have “the real thing” without the high cost of legal fees.
This property licence includes minimal and usual provisions in simple format. It is suitable for a suite of any type of offices, for any business purpose.
Application and features
- Suitable for work from home directors;
- Flexible, practical paragraphs provide ideas for you to mould;
- Explanatory notes to guide you;
- Aids with proper administration of tax and self employment issues.
- Details of the parties;
- Property details;
- Licence Fee: can be changed to suit you;
- Licence fee inclusions such as services and rates;
- Payment provisions: all payments the tenant might have to make;
- Use allowed;
- Licensee’s promises;
- Other usual provisions to protect your interest.