Office Sharing Agreement

Many times finding and renting an office space can be big and costly affairs in
cities especially in metro cities. Office sharing arrangement can be a savior
between a group of like minded people who can come together to share an office
space with a primary goal to save costs and make best utilization of resources
(space, workstations etc.)

This arrangement allows to further sublet a spare space and other resources to
others, which brings down the rental and other miscellaneous costs. So the
agreement for such arrangements require to have the key clauses with rules for
usage of utilities and all resources being sublet

Key points

Purpose of an office sharing agreement

1. To use a shared office space and other resources among like minded
business or entrepreneur
2. To cut down rent, other maintenance cost and operating cost of small
business enterprises and startups

What does an office sharing agreement cover?

1. Details of all members involved in the agreement

2. Contract terms including executable, term period, expiry and notice
period
3. Explicit important clauses that covers sharing of all resources and utility
bills
4. Clause for amicable resolution in case of dispute/disagreement
5. Rent sharing and mutual consensus for common space

Before executing the agreement

There may be a clause in the master lease agreement that might prevent you to
further sublet so please check and always keep your landowner in loop before
executing the agreement