Occupancy LOE Template

OCCUPANCY LETTER OF ELIGIBILITY SERVICES AGREEMENT

This Occupancy Letter of Eligibility Services Agreement (the Agreement) is entered into by and between Client Name: and Provider Name: . Effective Date: .

RECITALS

WHEREAS, Client is the owner or authorized representative of the property located at Property Address: (the Property) and requires a certified letter or statement confirming occupancy status for submission to lenders, insurers, or municipal authorities; and

WHEREAS, Provider is a qualified provider of occupancy verification and Letter of Eligibility (LOE) preparation services and represents it has the professional experience, personnel, and resources to prepare and deliver such LOE in accordance with the specifications set forth in this Agreement; and

WHEREAS, Client desires to retain Provider, and Provider agrees to provide such services, subject to the terms and conditions set forth herein.

SCOPE OF WORK

Provider shall perform the services described below (the Services). Provider will prepare an Occupancy Letter of Eligibility (LOE) and any supporting documentation reasonably required to substantiate occupancy status, including but not limited to site inspection reports, attestation of occupant interview(s), photographic evidence, and a summary of records reviewed.

PAYMENT TERMS

Client shall pay Provider the fees set forth below in exchange for the Services. All fees are exclusive of any taxes, permitting fees, or third-party costs unless otherwise stated.

Invoices are due pursuant to the Payment Schedule. Any undisputed overdue amount shall accrue interest at the rate set forth above and Client shall be responsible for reasonable collection costs, including attorneys' fees, for amounts not paid when due.

TERM AND TERMINATION

This Agreement commences on Start Date: and, unless earlier terminated in accordance with this Agreement, will continue until End Date: or until the Services have been completed and final payment has been made.

Either party may terminate this Agreement for convenience upon Notice Period (days): days' prior written notice to the other party. Either party may terminate immediately for material breach by the other party if such breach remains uncured for fifteen (15) days after receipt of written notice specifying the breach.

Upon termination, Provider shall deliver to Client all completed LOE documents and work-in-progress for which Client has paid. Provider shall be entitled to payment for Services performed through the effective date of termination, calculated on a pro rata basis.

CONFIDENTIALITY

Each party (the Receiving Party) shall keep confidential and shall not use or disclose, except for the performance of this Agreement, any confidential information of the other party (the Disclosing Party). Confidential information includes, without limitation, records, financial information, occupant identities, proprietary methods, and any personal data obtained in connection with occupancy verification.

The obligations of confidentiality do not apply to information that: (a) is or becomes generally available to the public other than as a result of a breach of this Agreement; (b) is lawfully received from a third party without restriction; (c) is independently developed by the Receiving Party without use of the Disclosing Party's confidential information; or (d) must be disclosed pursuant to a valid court order or applicable law, provided the Receiving Party provides prompt written notice to the Disclosing Party to allow the Disclosing Party to seek protective relief.

INDEMNIFICATION

Each party shall indemnify, defend, and hold harmless the other party and its officers, directors, employees, and agents from and against any third-party claims, liabilities, losses, damages, costs, and expenses (including reasonable attorneys' fees) arising out of the indemnifying party's negligence, willful misconduct, or breach of this Agreement in performing the Services.

GOVERNING LAW; DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. The parties agree to submit any dispute arising under this Agreement to final and binding arbitration in the county of jurisdiction designated by the governing state laws.

ENTIRE AGREEMENT

This Agreement, including any exhibits or attachments executed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether written or oral. Any amendment to this Agreement must be in writing and signed by authorized representatives of both parties.

NOTICES AND CONTACTS

ADDITIONAL PROVISIONS

Provider warrants that services will be performed in a professional and workmanlike manner consistent with industry standards. EXCEPT AS EXPRESSLY PROVIDED HEREIN, PROVIDER MAKES NO OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

If Client requires notarization, recordation, or additional certification services beyond the LOE and supporting documentation described herein, Provider may charge reasonable additional fees as agreed in writing by the parties.

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