A Licence to Store, is a legal document that will allow one party to store their belongings in a property that belongs to another.
The License to Store is generally limited to the garage only.
This scenario often occurs when the Purchaser needs to move out of their current dwelling before settlement, or settlement is delayed, but the Vendor doesn’t want them to completely move into the house until settlement has been completed. Alternatively, settlement has taken place and the Vendor needs further time to move all their belongings.
Contact us today to learn more about a License to Store.
Bond Property Lawyers:-
1300 039 559
hello@bondc.com.au