Desk Rental Agreement

One common arrangement that comes under scrutiny is desk rentals where settlement service providers such as lenders will lease desks or other office space from real estate brokers often for more than market value in exchange for referrals of business.

Desk rental agreement.

What is a rental agreement. This agreement provides the sharer with a set number of workstations but does not specify their location. Whilst the desk renter is not an employee there are certain elements of health and safety and other legislation. A copy of the policy or a summary of its conditions should therefore be made available to them.

Registration is not mandatory for such agreements and are usually overlooked. Health and safety and other matters. The office sharing agreement is not a lease it is a contractual licence. Any licence or lease should provide for the desk renter to comply with the terms of the insurance.

Levy with katten temple llp reminds us that the analysis on desk rentals office leases is similar to the msa analysis since both rely on the 8 c 2 exception to the. The term of such a contract is eleven months post which both parties can mutually agree to renew terminate the contract. 11 month rental agreement this is the most commonly used type of rental agreement throughout the country. The key difference is that a licence does not grant rights over a defined and fixed area.

This is considered a kickback when the rental payment is higher than the market value for.