Licence agreement to use part of home as an office
Document overview
- Length:5 pages (950 words)
- Available in:
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About this document
This is a not a lease but a license. It does not create a legal interest in land. A license is less formal, and in certain circumstances, very useful. 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 plus side is the extra control he retains over the tenant. To the tenant, there is increased flexibility.
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 document includes minimal and usual provisions in simple format.
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
Contents
- 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
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