Painting, installation of floor coverings or modification of reinforcements. There are certain places where the occupancy contract cannot be imposed, such as for example. B villages for the elderly, state-subsidised housing, etc. The person who signed the occupancy contract and resides in the house is designated as the occupant and the person who owns the house in which the occupant resides is designated as the licensor. If we compare the occupancy contract with the lease, the lease refers to the person who lives in the house by paying the rent as a tenant and the person who owns the house as the lessor. In fact, once, a vice president of the Landlord & Tenant Board checked our lease and option agreement at a hearing and found nothing wrong with them. The tenant was actually considered a “tenant” and had to pay our rent as described above or be evicted from the property. As a rule, the purchase or sale (P&S) contract stipulates that the seller clears the property before closing, removes all personal belongings and leaves only those items that have been agreed, such as the refrigerator, washing machine and / or dryer. The buyer of the house takes a final walk just before closing to ensure that the property is in the agreed state, sometimes swept away as a sweeper. The buyer of the house cannot move in or store personal belongings in the premises until the closure is completed, the deed is registered and the proceeds (money) are paid. 1.
Price: Most use and occupancy agreements provide for a fee from the buyer to the seller for the use and occupancy of the property. There is no industry standard, but a common tariff is a pro-diem price of the seller`s “shipping costs” for ownership of the property. Transportation costs are calculated by adding the daily mortgage prorated (if applicable), taxes, insurance and condominium/HOA fees (if applicable). When the closing time is delayed due to the seller or a property problem on the property, the price is often nothing or nominal….