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Glossary: Coworking Contract

What is Coworking Contract?

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A coworking contract is a paperwork required for coworking rentals. Coworking contracts are way simpler than traditional office rental agreements.

Operating a coworking space instead of a rental agreement, you enter into a service contract with your clients. Coworkers pay not only for space but also for the communal areas, access to networking, internet connection, and special events. Rather than a leasing fee, a co-worker pays an occupancy fee. Each coworking space is different and free to draw its own contract because such contracts are not regulated by law.

Between enterprise agreements and coworking agreements, it is the latter that wades deeper into the grey area of whether a lease exists. The terms of an enterprise agreement are comparably more defined with tenants having a dedicated space for a specific period of time with space itself being customizable. As a result, these agreements are more likely to be considered leases.

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