Seller Licence To Remain In Possession Addendum Template for England and Wales

A legal document governed by English and Welsh law that establishes the terms under which a property seller may continue to occupy the property after completion of sale. This addendum to the main sale agreement details the duration, conditions, and obligations of the continued occupation, ensuring clear understanding between buyer and seller while protecting both parties' interests. It specifically creates a license rather than a tenancy, maintaining important legal distinctions under property law.

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What is a Seller Licence To Remain In Possession Addendum?

The Seller Licence To Remain In Possession Addendum is utilized when circumstances require a property seller to remain in the property after the sale completion date. Common scenarios include delays in moving arrangements, completion of new property purchases, or specific transitional requirements. This document, governed by English and Welsh law, establishes clear parameters for continued occupation, including duration, payments, and responsibilities. It carefully maintains the distinction between a license and a tenancy, protecting both parties' interests while providing a practical solution for temporary post-sale occupation.

What sections should be included in a Seller Licence To Remain In Possession Addendum?

1. Parties: Details of the seller (licensor) and buyer (licensee)

2. Background: Context of the sale and need for post-completion occupation

3. Definitions: Key terms used throughout the document including Property, Completion Date, License Period

4. License Grant: Specific permission to occupy and its limitations, ensuring clear distinction from tenancy

5. Duration: Period of occupation permitted and any conditions for extension

6. Fee: Any payment required for the license period and payment terms

7. Obligations: Responsibilities of both parties during the license period including maintenance and repair

8. Termination: Circumstances and process for ending the license

What sections are optional to include in a Seller Licence To Remain In Possession Addendum?

1. Insurance: Insurance obligations and requirements during the license period

2. Utilities: Responsibility for utility payments and arrangements

3. Council Tax: Responsibility for council tax during the license period

4. Early Termination: Provisions for ending the license before the agreed end date

5. Access Rights: Buyer's rights to access for surveys, measurements or works

What schedules should be included in a Seller Licence To Remain In Possession Addendum?

1. Property Description: Detailed description of the property and any excluded areas

2. Inventory: List of items remaining in the property during the license period

3. Condition Report: Documentation of property condition at the start of license period

4. Payment Schedule: Detailed breakdown of any fees and payment dates if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

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Download a Standard Seller Licence To Remain In Possession Addendum

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What is a Seller Licence To Remain In Possession Addendum?

What sections should be included in a Seller Licence To Remain In Possession Addendum?

What sections are optional to include in a Seller Licence To Remain In Possession Addendum?

What schedules should be included in a Seller Licence To Remain In Possession Addendum?

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