An Office Space Lease is a contractual arrangement calling for the lessee of the Office Space Lease to provide payment to the lessor (owner) for use of an asset. An Office Space Rental Agreement is a lease in which the asset is tangible property. Office Space Property Leases for intangible property could include use of a computer program, or use of a radio frequency. A office space lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership of NJ Office Space Lease Property.

A cancelable lease is a lease that may be terminated solely by the lessee or solely by the lessor. A non-cancelable lease is a lease that cannot be so terminated. Commonly, “Office Space Lease” may imply a non-cancelable Office Rental Lease, whereas “rental agreement” may connote a cancelable lease. The office space lease will either provide specific provisions regarding the responsibilities and rights of the lessee and lessor, or there will be automatic provisions as a result of local law. In general, by paying the negotiated fee to the lessor, the lessee (also called a tenant) has possession and use (the rental) of the leased property to the exclusion of the lessor and all others except with the invitation of the tenant.

The most common form of office space lease is a commercial property rental
agreement between landlord and tenant. The relationship between the tenant and the landlord is called a tenancy, and the right to possession by the tenant is sometimes called a leasehold interest. A lease can be for a fixed period of time but may be terminated sooner. An office space lease should be contrasted to a license, which may entitle a person to use property, but which is subject to termination at the will of the owner of the property.

An example of a licensor/licensee relationship is a parking lot owner and a person who parks a vehicle in the parking lot. A license may be seen in the form of a ticket to a baseball game. The difference would be that if possession is subject to ongoing, recurrent payments and is generally not subject to termination except for misconduct or nonpayment, it is a lease; if it's a one-time entrance onto someone else's property, it's probably a license.

The seminal difference between an office space lease and a license is that a lease generally provides for regular periodic payments during its term and a specific ending date. If a contract has no ending date then it may be in the form of a perpetual license and may still not be a lease.

Under normal circumstances, owners of property are at liberty to do what they want with their property, including dealing with it or handing over possession of the property to a tenant for a limited period of time. If an owner has surrendered possession to another, then any interference with the quiet enjoyment of the property by the tenant in lawful possession is itself unlawful.
Similar principles apply to real office space property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant.

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