The supplier is the one who grants the right to participate. The shareholder is the person or company that shares the offices. If there is more than one shareholder, each must be appointed to ensure that he is maintained as part of the agreement and that he is partly responsible. There may be a maximum of four. The comfort of a shared office lies mainly in sharing – on days when a licensee does not use the shared workspace, his place can be used by the owner or by another licensee. Whatever you do, indicate the essential conditions of your extension option. Do not postpone the decision with a vague rental clause that «agrees to accept.» This invites costly litigation and could not leave you with office space. Keep in mind that a coworking contract is much closer to an agreement signed by a customer in a hotel, or even a gym membership than a typical CRE leasing contract. Operators provide tenants with access to a wide range of services and economic benefits, not just the physical workstation itself. This is another reason why coworking does not involve the legal complications of traditional space, where in the flexible working areas operators is much more hosts than owners.
In addition, many homeowners create an arbitrary loss factor. Once they have determined the size of a room, they simply increase the number by 25%, say, and they indicate the rental area. That`s right. Rent calibration formulas, whether related to direct operating costs or indices (see next section), should limit the tenant`s obligation to pay a reasonable share of the total cost of a building. As a general rule, this means that you are responsible for the cost in relation to the building you are renting. Normal wear. Your rental agreement should at least stipulate that you are not responsible for repairing normal wear and tear. Some landlords require tenants to «restore» their rented space when they leave the country. You shouldn`t accept such an agreement. Since almost all tenants need a change of space, restoring space would cost you dearly without the owner providing substantial benefits. There is a good chance that a large part of the restored carpets, partitions, etc., will be torn off to change the space for the next tenant who comes.
Instead of complex language, coworking agreements are generally much simpler and even simpler, at least with respect to traditional CRE contracts. Indeed, most agreements contain only a few key areas, as described under the following conditions. Capital improvement. Investments require special attention when negotiating a lease. The operating expense clause should generally exclude them from the operating costs for which you are charged.