# Space Lease > Space Lease means an agreement permitting occupancy and use of a property [Property Name] and any related agreements supporting it **Term:** Space Lease **Last updated:** 2026-07-29 ## Definition ## What Space Lease Means in a Contract A Space Lease refers to the contractual mechanism by which a landlord grants a tenant the right to occupy and use a specifically identified portion of a property. Unlike a lease covering an entire building or parcel of land, a Space Lease is concerned with a defined unit, floor, suite, or designated area within a larger structure or site. This distinction matters because the rights, responsibilities, and shared obligations differ significantly when multiple tenants occupy different spaces within the same property. In practice, a Space Lease functions as the operative clause or standalone agreement that grants occupancy rights, describes the boundaries of the leased area, and sets the commercial terms under which that occupancy is permitted. It typically works alongside supporting documents, such as building rules, service charge schedules, or maintenance agreements, that govern how the tenant's use of the space interacts with shared facilities or common areas. Because the term appears most often in commercial contexts, a Space Lease commonly incorporates references to a