License Agreement Advise

Discussion in 'Legal Issues' started by Blackmores, 20th Jun, 2017.

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  1. Blackmores

    Blackmores Well-Known Member

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    Hi guys, we have sold a townhouse off the plan. The buyers are keen to move in early, meaning before subdivision and settlement. My builder mentioned once the Occupancy Permit is approved, they can move in which should be approx 4-5 weeks from now. Stupid me promised them it’s fine as our builder delayed the project for a long time.

    Obviously License Agreement and insurance will be organized if they want to move in early. I was just thinking of the dangers of doing this as they are incredibly fussy people.

    Any dangers that I should be aware of? My solicitor is not exactly helpful and looked as confused as me. Thanks
     
  2. Hamish Blair

    Hamish Blair Well-Known Member

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    Melbourne
    I did this no problems. PM me for details.
     
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    If you are selling then the risk is they will find things to complain about before they actually settle.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Can also work favourably for the buyer. They move in at the earliest opportunity and are better able to inspect/discover defects throughout the 3 month defects liability period rather than towards the end of the 3 months.