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An agreement between a tenant and either an individual or a company to license the use of a part of the tenant's leased premises for a fee. Licence agreements are typically shorter than leases, and they offer more flexibility in terms of use and length of stay.An office space agreement is a contract between a renter and a landlord that allows a rental space to be used for commercial operations. Because of this, license agreements are primarily used for shorter-term agreements involving storage, office, and small-scale retail spaces. This is referred to as a license to occupy space, which is different from a commercial lease. This is referred to as a license to occupy space, which is different from a commercial lease. I. Licensee is entitled to use the Office Space solely as general office space in the conduct of Licensee's business and for no other use whatsoever. Please allow 7 days for review and approval. There is no limitation on the amount of surtax for the rental, lease, let, or license to use commercial real property. A commercial property licence agreement gives a tenant the legal right to occupy a business premises.