The legal relationship established by a rental agreement between the owner and the lessor and a tenant is totally different from the legal relationship established by a license between the licensor owner and a licensee. Offices or private offices in serviced offices are not subject to the usual office rental conditions. Instead, an agreement is made between a tenant and a business in the form of a “license agreement.” A Serviced Office license agreement is a “license” to use a portion of a company`s leased premises for a monthly fee. A license agreement is easy to set up quickly and stress-free. In most cases, legal fees or credit checks are not necessary and you can start working in just 24 hours. Where a resident of a commercial premises has exclusive ownership of a commercial premises, he may acquire the right to remain in the space provided after the end of the contract. This is always the case, unless the treaty is legally excluded from these rights from the outset. Typically, a license agreement gives the operator/licensor and the customer/licensee the right to terminate the contract with typical 28 days` notice. The whole deal. This agreement (including exposures) represents the entire agreement between the host and the client with respect to the use of the space and supersedes all prior agreements between the host and the client with regard to the use of the space by the client.