Some small business owners share office spaces with other small business owners. They generally share space with people who have similar professions and similar office needs. The office sharing responsibilities differ amongst various types of business. Below is the typical costs almost every office sharing agreement should have.

Responsibility of the Space

The person who is financially responsible for the space is generally the master tenant. Depending of what the commercial lease and landlord allows, either one or all of the office space users may be liable.

Decision Maker or Point of Contact

When dealing with the amenities of the business space, it is necessary to appoint a decision maker. Otherwise, no one will be held responsible to pay for items like telephone or electricity costs.

Dividing Costs

The office sharer should write down how much each person pays for the office space and the shared services. Thus, if a dispute ever comes about, the office sharing agreement will hold true, and save the expense of going by each other’s words.

Common Areas

In office spaces with common areas, it is wise to state who may use the common space and for what purpose. Though it may easy to have a conference room and allow whomever to use it initially, conflicts may arise if both office sharers want to use the office space at the same time. A solution to this may be having a pay-per-use fee.

Do I Need a Lawyer?

Although office-sharing agreement may be oral, real estate lawyers advise all tenants to have contracts in writing. A contract lawyer can advise you on all the risk you may have in your contract, and may draft a contract for you. In the long run, a well-drafted office sharing agreement will save you the time, expense, and headache of litigation.