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Tenant at Will

This normally refers to a licence granted to the purchaser to take possession of the property after exchange of contracts but before completion. Usually this will be agreed in order that certain specified work may be carried out – to meet a building society undertaking or whatever: it would be a breach of such a licence to move in early and take full occupation. Such an arrangement would be subject to agreement between the two legal advisers involved, and be granted ‘without prejudice’ on the seller’s side.

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