Seller`s signature: Enter the date of signature by the seller or their agent. Enter the address, telephone and fax number, and email address of the vendor or agent signing this Occupancy Agreement. If the deed of purchase is not signed at the end of the provisional occupancy contract, the Promisor buyer must undertake to transfer the free ownership of the premises in their original condition at its expense (if applicable). In addition, the developer must undertake to take possession of the premises as they are at that time, with or without financial compensation. The following instructions apply to the creation and use of Form 271, Provisional Occupancy Contract. Form 271 is designed for the listing broker to prepare to formalize negotiations between seller and buyer to transfer ownership before closing the escrow account. The function of the occupancy contract is to establish the buyer`s legal relationship with the seller exclusively with regard to the occupation before the conclusion as an owner-tenant contract, and not as a simple buyer who has been taken over as part of the purchase contract or fiduciary instruction. The remedies for the seller in case of default of the sales trust account differ considerably between the two agreements, the occupancy contract in this regard, which favors the seller. Without them, the occupation of the buyer as a buyer and runs the duration of a dispute. WHAT YOU NEED TO KNOW! Between signing the interim occupancy contract and signing the deed of sale (in front of the notary), avoid making improvements for the obvious reason that if the sale does not materialize, you run the risk of losing your investment, as the promoter may have reasons to refuse you the refund.

If the seller wants to stay in the house a few more days after closing to give him time to take out all his belongings and clean the house, this is called the seller`s rent. If a buyer wants to start moving their belongings into the house before closing, this is called temporary occupancy. You may want to live in your apartment before signing the deed of sale. To do this, you will be asked to sign a temporary occupancy agreement with your developer. The best way to make sure there is no problem is to plan for the worst-case scenario. The worst way to deal with this is to wait until the last minute to try to negotiate a mid-term mission. It`s frustrating for everyone involved. @Adell I think most agents don`t read or explain all parts of the contract. I always take the time to explain all the options and explain what buyers and sellers sign and agree in contracts. It is my job to give them the proper skills and care, and I don`t take that responsibility lightly. It may take me an hour to write and explain an offer, but I know my buyer understands exactly who I stand for! I am proud of that.

WARNING! You shouldn`t sign a temporary occupancy contract in a hurry, as you could end up paying large extra amounts. It is highly recommended to seek independent advice before committing. Finally, you will not pay amounts greater than the maximum amounts payable under the guarantee plan (if any) to protect your deposits. – And finally, this agreement does not constitute an owner-tenant relationship. It is only intended for a period of temporary occupancy prior to closure due to unforeseen circumstances. The purpose of a seller`s use of the provisional occupancy contract is to establish grounds for eviction under owner-tenant law in the event that the buyer takes possession and, for some reason, fails to enter into the escrow contract in a timely manner. A buyer who owns the property under an agreement to purchase the property, not a separate lease, is not subject to the Landlord and Tenant Act. Date: Enter the date and name of the city where the temporary occupancy contract was created. This date is used to refer to this document. A co-ownership has no legal existence until its declaration of co-ownership is registered in the Québec Land Register. However, before it can be registered, the cadastral plan must be formalized.

Until then, you will not be able to take possession of your apartment unless you sign a temporary occupancy contract. Temporary employment is sometimes required if there is one of the following problems: In addition, the temporary employment contract may contain other conditions of employment or financial provisions. It is therefore in the best interests of the parties to set out in detail their respective obligations in order to avoid any misunderstanding. If you decide to enter into a provisional occupancy contract, it should at least provide the following: -It will describe the duration of the agreement. There will be an end date that will be a few days after the proposed closing. If the closing has not yet taken place on this date and the buyer is not able to complete the closing, he has 7 days to leave the property. A temporary occupancy contract sets out the conditions for “temporary” stay before closing. Provisional occupancy is an agreement that is an addendum to the purchase agreement between buyer and seller that deals with the date of ownership versus the closing date. This addendum is required if a buyer requests access to the property prior to completion. WHAT TO NOTE: During the period of temporary occupancy, the promoter`s insurance does not cover your personal belongings and civil liability.

You must take out sufficient property and casualty insurance during this period. The temporary occupancy contract can be signed without financial compensation. .