For some of its buildings, it has unveiled a new type of office space for smaller tenants who need smaller spaces. According to his design, a tenant would have a particular office and share a photocopier, fax machine, kitchen and conference rooms. Furniture, carpet, telephones, computers and coffee would be provided by the owner. The rooms would be pre-built. The tenant would only have to bring a pencil to work. The Advocate General requested the use of a licensing agreement where he could modify the locks or, in this case, eliminate the key cards at the termination of a tenant`s payment. Our company`s mission was to develop an enforceable licensing agreement that provides for self-help without having to resort to litigation. This article explains the licensing agreement – its limitations and powers. It also dissects and explains when and how to use a licensing agreement, and the ability to help itself properly. A few years ago, I met one of New York`s real estate legends and the general of his company. He was concerned about the New York eviction process – the loss of rental income, wasted legal fees and the incredible delay between a tenant`s default and actual eviction.
Landlord lawyers have either neglected or been too cautious to propose the use of licensing contracts for their clients. However, licensing agreements allow commercial landlords to completely eliminate the landlord-tenant ratio and thus avoid the burdens that often arise within the legal framework of traditional landlord-tenant procedures. In these circumstances, the owner`s licensee may consider, depending on the type of adverse injury of the former taker, what is only a judgment of possible, but not sure, harm, as a much less burdensome cost of activity than the sum of all costs normally associated with a dispute between the lessor and the tenant. In addition, instead of losing income during the self-help dispute, the owner will effectively earn income from the payments of the new licensee of the premises. Most important The right to license ownership is the right to revoke the licence «as it sees fit» and to use «self-help» to remove a defaulting licensee from the licensed premises, without months or years of long and frustrating litigation to recover possession of valuable real estate. At present, real estate licensing agreements appear to be primarily used by licensed real estate owners for short-term users: offices, toilets, certain types of warehouses and kiosks in shopping malls. It is clear that there is a market for such agreements. Whether there is a market for real estate licensing contracts for other types of occupancy may not be so obvious, but given the need for landlords to be relieved of the burdens and frustrations of traditional tenant-tenant disputes, such an agreement may be useful for the right business plan.