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If you have spare working space and workstations in your office, renting out part of your business premises using this Co-working Space Application Form and Terms of Use can be beneficial to your income and help a business with a limited budget. For small businesses and startups, it can be a cost-effective way of obtaining office space without having to commit to a commercial lease for a whole office.

Through sharing office space with the right, non-competing business, they can provide your business with valuable opinions and feedback.

You should always make sure that your lease allows you to enter into such an agreement.

When drafting a Co-working Space Application Form and Terms of Use, it is important to focus on a number of key clauses, in particular:

  • Details about the owner;
  • Details about your applicant;
  • Number of seats required by the applicants;
  • When the applicant intends to move in;
  • How long the user intends to use the premises;
  • What facilities the user can access;
  • Between what hours and which days each week the user can access the premises; and
  • Monthly charge for renting out the premises and the date for rent payment.

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