Office Sharing Agreement

In urban hubs, finding and renting a space can be a mammoth task, specially in the metros. This contract is an arrangement between a group of like minded persons who have come together to share an office space with primary motive to save costs and make the best utilisation of available capacity.

This format can also be used If you have spare space or workstations in your office and wish to sublet it to others with a  motive to share the rental and miscellaneous costs. Always remember to seal the key clauses and document them that will serve as a guidance for future reference, specially in case of disputes.

With this form, you not only lay out rules regarding usage of office space and term of agreement, but also charter specific clauses on usage of utilities and equipment. 

When to use?

• When two or more persons are looking to enter into an agreement for  sharing an office
• To fulfill statutory requirement as per state or central laws in this regard

What does it cover?

• Names and details of members party to the office sharing agreement
• Term of the contract that includes execution, expiration dates and notice period
• Specific clauses on sharing of office equipment, systems and utility bills
• Rent amount sharing matrix and consensus on access to common spaces

How to make it enforceable and Legally Valid?

You must keep your landowner in loop before executing this agreement since there may be a clause in the master lease agreement that may prevent you from getting into an office sharing agreement.

Print the document and ensure all members read and sign.