This Agreement is used to allow the purchaser to take early possession of the property before the closing date for an agreed period of time and rental rate. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. An Early occupancy agreement template with the landlord is a legal document that outlines the terms and conditions between a tenant and a landlord for early possession or occupancy of a rental property before the official lease start date. This agreement can be beneficial for tenants who need to move in early due to various reasons and for landlords looking to monetize vacant rental properties. The agreement typically includes important clauses and provisions that protect both parties' interests. Here are some relevant keywords to consider when drafting an early occupancy agreement template: 1. Parties involved: Identify the tenant(s) and landlord(s) participating in the agreement. Include their names, addresses, and contact information. 2. Property description: Clearly specify the rental property's address, including the unit number or any specific details to avoid confusion. 3. Lease term: Define the agreed-upon early occupancy period, explicitly stating the start and end dates. Additionally, indicate the intended lease start date if different from the early occupancy period. 4. Rent and security deposit: Clearly state the amount of rent the tenant will pay for the early occupancy period and any security deposit amount required. It's important to include the due dates for rent payment and specify if the security deposit will be refundable. 5. Utilities and maintenance: Specify which party will be responsible for payment of utilities during the early occupancy period. Clarify if the tenant will be responsible for any necessary maintenance or repairs during this time. 6. Condition of the property: Document the property's condition at the start of the early occupancy period, including any existing damages or issues. This will help avoid disputes when transitioning to the official lease. 7. Termination or extension options: Address the conditions under which either party can terminate the early occupancy agreement. Additionally, provide provisions for extending the agreement if needed, including any changes to the rent amount or terms in case of an extension. It's important to note that there might be different types of early occupancy agreement templates with landlords, such as: 1. Standard Early Occupancy Agreement: This is a basic template that covers the essential terms and conditions mentioned above. 2. Early Occupancy Agreement with Rent Credit: In this type of agreement, the landlord may credit a portion of the early occupancy rent towards the first month's rent when the official lease begins. It helps incentivize tenants to move in early and benefits both parties financially. 3. Early Occupancy Agreement with Specific Restrictions: In certain cases, the landlord may impose specific restrictions during the early occupancy period, such as limiting access to certain areas of the property or prohibiting any modifications by the tenant. Overall, an early occupancy agreement template with the landlord is a useful tool to lay out the rights and obligations of both parties when a tenant needs to occupy a rental property before the lease officially begins.
Free preview Early Possession Agreement Form
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