Licence agreement explained
What is a Licence Agreement?
A “licence agreement” refers to a legal arrangement outlined in a document that grants individuals, known as property guardians, the right to occupy a property managed by City Guardians. This agreement establishes the terms and conditions governing the guardians’ residency. The license outlines the responsibilities and privileges of the guardians, as well as the property owner’s rights. The agreement typically covers key aspects such as the notice period for termination, payment terms, and the non-exclusive nature of the guardians’ possession, allowing property owners or their representatives access to the property as needed. It’s a clear and formal agreement that ensures transparency and mutual understanding between property owners and guardians.
- Guardians pay a Licence Fee instead of traditional rent.
- Operating on a rolling contract, Guardians can be asked to leave with 28-days’ notice.
- Guardians are responsible for protecting the building through occupation.
- Guardians do not hold exclusive possession of any part of the property.
- City Guardians and approved representatives have legal right to access the property without prior notification.
- City Guardians carry out monthly property inspections which can involve taking pictures.
- Property Guardians are not allowed to have pets within the property.
- No one under the age of 18 is permitted at the property.
- Guardians are prohibited from using the property for commercial use.
