Licence Agreement - Early Occupation
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At a Glance
A licence agreement for early occupation is a legal document that grants a prospective tenant permission to occupy and use a property before the formal lease agreement begins. This type of agreement is typically used in commercial real estate, where a tenant might need to start moving in equipment, setting up operations, or making improvements to the property before the official lease commencement date.
Licence agreement between a vendor and purchaser of land, allowing the purchaser to occupy the property early, before settlement of a sale.
Includes terms for the licensee to pay fees and outgoings, rights to terminate in case of default and provision of security, specific covenants regarding use of the property.
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