Property Use Letter of Explanation

PROPERTY USE LETTER OF EXPLANATION AND AGREEMENT

Date:

Parties

WHEREAS

WHEREAS, Owner identified above is the lawful owner of the real property commonly described as (the "Property");

WHEREAS, Recipient requires a written explanation detailing the intended use, occupancy, and any compensation or obligations associated with the use of the Property; and

WHEREAS, Owner and Recipient agree that the terms stated in this Letter of Explanation and Agreement shall govern the permitted use of the Property as set forth below.

Property Details

Intended Use

Select all applicable uses for the Property:

Primary residence Rental / lease income Vacation / short-term rental

Commercial / business use Mixed-use (describe) Other:

Occupancy and Tenancy

Expected occupancy start date:    Expected end date (if applicable):

Yes No

Scope of Work

Payment Terms

Compensation or rent amount: $

Term and Termination

Term Commencement:    Term Expiration:

Insurance, Compliance, and Liabilities

Owner shall maintain standard property insurance and, where applicable, require tenants or recipients to maintain liability insurance naming Owner as additional insured. Insurance provider:

Confidentiality

The parties acknowledge that certain information exchanged in connection with this Letter may be confidential. Each party agrees to keep such non-public information secure and not to disclose it to third parties except (i) as required by law, (ii) to their professional advisors under a duty of confidentiality, or (iii) with the prior written consent of the other party. This confidentiality obligation shall survive termination or expiration of this Letter for a period of three years.

Governing Law

This Letter shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of law principles.

Entire Agreement

This Letter constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior oral and written agreements, understandings, and communications relating thereto. Any amendment to this Letter must be in writing and signed by both parties.

Certifications and Attachments

The undersigned certify that the information provided in this Letter is true, complete, and accurate to the best of their knowledge. Attached documents (if any) include lease agreements, insurance declarations, photographs, and permit copies. List attachments:

By signing below, each party acknowledges and warrants that they have the authority to bind the entity or individual they represent and agree to comply with the terms set forth herein.

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