The Seller grants the Buyer early possession of the Property under a licence agreement on the following terms:
The Buyer must pay the Seller [$insert amount] per week in licence fees, on the basis that they are
provided with early possession of the property, under standard condition 8.6 of the Contract from [start date of early possession] until the later of the Settlement Date and the date the Buyer vacates the Property if the Contract is terminated.
If this Contract is terminated by either party, the licence will be at an end and the Buyer agrees to vacate the property within [insert time-frame, eg 5 business days] of the termination of the Contract and remove all of their possessions from the Property at their own cost.
In receiving early possession of the property the Buyer agrees:
that the relationship of Buyer and Seller is not one of landlord and tenant;
that the licence is personal to the Buyer and cannot be assigned;
that risk passes to the Buyer upon the commencement of possession;
that they accept the Property in ‘as is, where is’ condition from the commencement of
possession;
that adjustments will be calculated as at the date of possession; and
to indemnify the Seller for any loss or damage to any person or property, that occurs from the date of possession until the later of the Settlement Date and the date the Buyer vacates the Property if the Contract is terminated.