Agreement to Share Office Space between Professionals by pellcity27

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									              Agreement to Share Office Space between Professionals

This Agreement is made as of the           day of                  , 20___, between
(Name of Professional Alpha), of (street address, city, state, zip code), referred to
herein as Alpha, (Name of Professional Beta), of (street address, city, state, zip code),
referred to herein as Beta, said Alpha and Beta being hereinafter jointly referred to as
the Parties.

Whereas, each of the Parties to this Agreement is a/an (name of profession), licensed
by the State of (name of state) to practice as a/an (name of profession) in said state;
and

Whereas, Alpha currently leases office space in Suite (number or letter) of the (Name of
Building) Building located at (street address, city, state, zip code), hereafter sometimes
referred to as the Premises; and

Whereas, Beta desires to share these Premises for the practice (name of profession);

Now, therefore, for and in consideration of the mutual covenants contained in this
Agreement, and other good and valuable consideration, the Parties agree as follows:

I.     Sharing of Offices. The Parties will share the Premises described above,
together with the furniture, equipment and fixtures on the Premises, for use in their
respective (name of profession) practices.

II.    Duration. The term of this Agreement shall be a period of (number) years,
commencing on (date), and terminating on (date), subject, however, to prior termination
as provided in this Agreement. At the expiration date of (date), this Agreement shall be
considered renewed for regular periods of one year, provided neither Party submits a
notice of termination. This Agreement will also terminate on (number) days' written
notice by either Party to the other

III.   Expenses.
       A.    Parties will prorate the monthly expenses of the office space according to
       the monthly gross earnings from professional fees of each Party.

       B.    The following items will be included in arriving at the total monthly
       expenses to be shared by the Parties:

              1.     Rent, which for the purposes of this Agreement will be ________
              Dollars per month, regardless of any changes in the Lease held by Alpha.

              2.     Employees’ salaries, social security and unemployment taxes.

              3.     Maintenance and janitorial services for the Premises.
              4.     Office supplies and all other expendable items normally used in the
              operation of an office of a/an (name of profession).

              5.     Insurance described as follows:

                     a.       Standard form property insurance insuring against the perils
                     of fire, extended coverage, vandalism, malicious mischief, and
                     special extended coverage (all risk).

                     b.     Comprehensive general liability insurance insuring each
                     Party against any liability arising out of this Agreement or the use,
                     occupancy, or maintenance of the Premises. Such insurance shall
                     be not less than $______________ combined single limit for injury
                     to or death of one or more persons in an occurrence and for
                     damage to tangible property (including loss of use) in any one
                     occurrence.

                     c.      Workers' compensation as required by (name of state).

              6.     Utilities.

       C.     The following items are not included in overhead. Each Party is
       individually responsible for payment of individual expenses for these items:

              1.     Expenses for telephone and Telefax services.

              2.    Licensing fees, professional organization dues, permit taxes and
              any other professional fee.

              3.     Individual insurance coverage, including malpractice coverage.

              4.     Banking expenses.

       D.      Alpha and Beta will pay each of their shares of the overhead on or before
       the first day of each 
								
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