A use and occupancy agreement is a legal document that outlines the terms and conditions for the use of a property by a tenant or other individual. This agreement typically outlines the rights and responsibilities of both the property owner and the user, including the duration of the agreement, the amount of rent or other fees to be paid, and any restrictions on the use of the property. A use and occupancy agreement is often used in situations where a Seller wishes to occupy a residence for a short term after the closing. This type of agreement can provide both the owner and user with legal protection and a clear understanding of their rights and obligations.
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