The Contract:
The Wellspring Occupational License Agreement (WOLA)
A License is the fastest way to agree on sharing space.
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A License, Not a Lease
A "guest" licenses space from a "host" for a "fee", making it faster, easier and more flexible than a traditional lease. More like a membership agreement, a license is most suitable for offices within a shared office suite environment. Unlike a lease, a license does not give the "guest" real estate rights over a specified and predefined area within the suite.
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Easily Customizable
Standards for payment, conduct and cancellation are all in there, but you can add your own House Rules to fit the specifics of your building.
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A Legal Agreement without the Legalese
Written in simple language to make it easy for "hosts" and "guests" to navigate without lawyers.
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Battle Tested
Developed over the past twenty years with real estate attorneys, building owners, coworking businesses and startup founders to provide fair, flexible terms for short-term and shared office space.
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Contact us for a draft copy of the Wellspring Occupational License Agreement (WOLA)