Document background
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.
