Occupation licence Sample Clauses
An occupation licence clause grants a party the right to occupy and use a property for a specified period without transferring ownership or creating a formal lease. Typically, this clause outlines the terms under which the licensee may access the premises, any restrictions on use, and the conditions for termination or renewal. Its core practical function is to provide a flexible arrangement for property use, often used for short-term or informal occupancy, while protecting the licensor from the legal obligations associated with tenancies.
Occupation licence. The Tenant may occupy the Premises as a non-exclusive licensee from and including the date hereof solely in order to carry out and complete the Tenant’s Works but: the Tenant does not have, nor is entitled to any, estate, right or interest in the Premises either as completed or in the course of construction; and the licence created by this clause 10.2 will determine on written notice given by the Landlord to the Tenant to that effect or on the occurrence of any Event of Default.
Occupation licence. From the date the Tenant has given the Landlord the last of the following:
(a) Certificate of Completion for the Tenant Works; and
(b) Final Occupation Certificate for the Tenant Works, until the Commencement Date, the Landlord grants the Tenant a non-exclusive licence to occupy and use the Premises for the Permitted Use under the Draft Lease with no Rent payable provided the Tenant complies with the following Parts of the Draft Lease: 4. Outgoings and Expenses