Residential property licence: pre-settlement
Residential property licence
Pre-settlement
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Key features
This licence to occupy is for a residential purchase where the licensee (also the purchaser) has agreed to purchase the property but doesn't want to wait to move in. The licensee allows the purchaser to occupy for a weekly fee until settlement.
Compliant with the latest law in
ACT
NSW
NT
QLD
SA
TAS
VIC
WA
Document properties
- Length:8 pages (1000 words)
- Available in:
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RTF
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About this document
Unlike for residential leases and property sale, there is little statutory regulation in this area. This licence is therefore suitable for any Australian State.
This licence to occupy is for a residential purchase where the licensee (purchaser) has agreed to purchase the property but doesn't want to wait to move in. The licensee is prepared to occupy and pay a weekly fee until settlement. This benefits the licensor as it commits him to nothing, and he can get the licence fee in lieu of rent. It grants a licence to occupy for a period until settlement in return for a weekly licence fee and certain responsibilities if it fails to settle. This document does not grant leasehold rights or quiet enjoyment.
The document includes extensive notes on the differences between leases and licences.
Application and features
- Very flexible to suit the requirements of the parties;
- Includes all legal paragraphs and practical, sensible provisions;
- Written in plain English;
- Comes with extensive notes to guide you.
Contents
- Definitions
- Background
- Grant of licence
- Commencement
- Scope
- Exclusivity
- Payment: weekly rent
- Deposit: of however much you agree
- Use of Property: residential only, not for business use
- Licensee’s promises
- Other legal provisions
Click to View Sample
Recent reviews
Matthew Watts
As an Australian lawyer I found the material an excellent starting point for a document that I had to create in a hurry. Generally very happy with both the content and value for money. Only constructive criticism I would make is that it was quite hard to add sub clauses under clauses 2 and 4 especially. Biggest concern was that document would be substandard (bit this was addressed by preview function), choice was based on web search (need to look at SEO as you were on page 3), best feature was blue "type here" fields, use of document saved me significant time and money - not sure that I would ever use the legal review function as cost is close to having a lawyer prepare the document in toto - I would recommend Net Lawman to others (probably more for accounting/legal professionals than laymen).
Greg Jones
I had no concerns about using Net Lawman. I had to source the above document in a hurry and thought your web site was professional and appeared to have the document I needed. I was pleased with my purchase and I only had to delete one paragraph to suit my needs. I would recommend your firm to others.
Judith Whitmore
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