The License Agreement For Rental Property serves as an alternative to traditional lease agreements in situations where greater flexibility and control are required by the property owner. This document type is particularly relevant in Canada where property arrangements must comply with both federal and provincial regulations while accommodating various occupancy scenarios. It's commonly used for student housing, corporate accommodations, temporary residences, and situations where the owner needs to maintain significant control over the property's use and access. The agreement includes essential terms such as occupation period, license fees, permitted use, maintenance responsibilities, and termination provisions, while clearly establishing that the arrangement creates a license rather than a lease. This distinction is crucial as it affects the legal rights and obligations of both parties under Canadian law.
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1. Parties: Identifies and provides full details of the Licensor (property owner) and Licensee (occupant)
2. Background: Establishes the context of the agreement, including property ownership and intention to grant a license
3. Definitions: Defines key terms used throughout the agreement
4. Grant of License: Specifies the precise nature of the license being granted, emphasizing it's a personal right to occupy rather than a lease
5. License Period: Defines the duration of the license, including start and end dates
6. License Fee: Details the fee amount, payment schedule, and payment methods
7. Security Deposit: Specifies the amount, terms, and conditions for return of the security deposit
8. Permitted Use: Defines how the property may be used and any restrictions on use
9. Licensee Obligations: Lists all responsibilities and obligations of the licensee including maintenance, behavior, and compliance requirements
10. Licensor Obligations: Details the property owner's responsibilities including maintenance, repairs, and service provision
11. Utilities and Services: Specifies responsibility for utilities and services, including payment arrangements
12. Insurance: Outlines insurance requirements for both parties
13. Termination: Details circumstances and procedures for terminating the license
14. General Provisions: Standard legal clauses including governing law, notices, and entire agreement provisions
1. Furniture and Fixtures: Required when the property is provided furnished, listing all items included
2. Shared Facilities: Needed when the property includes shared spaces or amenities
3. Parking: Required when parking spaces are included in the license
4. Pet Policy: Necessary when pets are allowed or specifically prohibited
5. Property Management: Required when a property manager is involved in addition to the owner
6. Short-term Licensing Rights: Needed if the licensee is permitted to sub-license for short periods
7. Special Access Requirements: Required for properties with specific security or access systems
8. Additional Services: Needed when extra services (cleaning, maintenance) are provided
1. Schedule A - Property Description: Detailed description of the licensed property including address and specific areas covered
2. Schedule B - Inventory List: Comprehensive list of furniture, appliances, and fixtures included
3. Schedule C - House Rules: Specific rules and regulations for the property
4. Schedule D - Fee Schedule: Breakdown of all fees, including license fee, utilities, and any additional charges
5. Schedule E - Condition Report: Documentation of property condition at commencement of license
6. Appendix 1 - Property Floor Plan: Detailed floor plan showing licensed areas and any shared spaces
7. Appendix 2 - Photographs: Visual documentation of property condition and included items
8. Appendix 3 - Building Rules: Rules specific to the building or complex, if applicable
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Hospitality
Student Housing
Corporate Housing
Short-term Rentals
Residential Property
Commercial Property
Shared Workspace
Senior Living
Educational Institutions
Relevant Teams
Legal
Real Estate
Property Management
Facilities Management
Housing Administration
Asset Management
Operations
Compliance
Risk Management
Contract Administration
Corporate Services
Relevant Roles
Property Manager
Real Estate Manager
Housing Coordinator
Facilities Manager
Legal Counsel
Corporate Housing Manager
Student Housing Administrator
Asset Manager
Property Administrator
Leasing Manager
Real Estate Agent
Building Operations Manager
Compliance Officer
Risk Manager
Contract Administrator
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