Document background
The Licence Agreement To Occupy Property Before Completion Of Purchase is essential in situations where a purchaser needs to take occupation of a property prior to the settlement date of a sale transaction in New Zealand. This arrangement might be necessary due to various circumstances, such as the purchaser's immediate need for accommodation, coordination of moving dates, or complex settlement arrangements. The document provides a legal framework that protects both parties' interests by clearly defining the terms of occupation, payment obligations, maintenance responsibilities, and insurance requirements. It ensures compliance with New Zealand property law while maintaining the distinction between a license to occupy and a formal lease or transfer of ownership. This agreement is particularly important as it addresses the unique legal and practical considerations that arise during the interim period between sale agreement and settlement.
