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Michigan Department Of Transportation 0749 (0/15)POSSESSION AND USE AGREEMENT This information required by Act 286, P.A. of 1964, in order to grant DOT access to property1. Grant The undersigned owner(s)

How to fill out possession and use agreement

How to fill out possession and use agreement

1. Step 1: Gather all the necessary information and documents, such as the names and contact details of both parties involved, property details, lease terms, and any specific clauses or requirements.
2. Step 2: Start by stating the date on which the possession and use agreement will be effective.
3. Step 3: Clearly define the property that is subject to the agreement, including the address, any unique identifiers, and the purpose for which it will be used.
4. Step 4: Specify the duration of the agreement, including the start and end dates, any renewal options, and any notice periods required for termination.
5. Step 5: Outline the terms and conditions of use, including any restrictions, obligations, or responsibilities of both parties. This may include rules regarding maintenance, repairs, utilities, insurance, and compliance with local regulations.
6. Step 6: Include provisions for rent or other financial considerations, including the amount, payment schedule, and any penalties for late payment.
7. Step 7: Include any additional clauses or provisions that are relevant to the specific agreement, such as those related to pets, parking, access, or any other special requirements or conditions.
8. Step 8: Clearly state the rights and remedies available to both parties in case of default, breach of contract, or disputes.
9. Step 9: Make sure both parties review the agreement thoroughly and seek legal advice if necessary.
10. Step 10: Sign and date the agreement, and make copies for both parties to keep as a reference.

Who needs possession and use agreement?

1. Anyone who is entering into a lease or rental agreement for a property or asset may need a possession and use agreement. This includes landlords, property owners, tenants, businesses, organizations, or individuals who want to establish clear terms and conditions for the possession and use of the property.
2. Possession and use agreements are commonly used in various industries and situations, such as residential or commercial real estate leasing, equipment or vehicle rentals, storage unit agreements, and temporary or short-term occupancy arrangements.
3. Having a possession and use agreement can help protect the rights and interests of both parties involved and can serve as a legal document to resolve any disputes or misunderstandings that may arise during the term of the agreement.

For pdfFiller’s FAQs

What is possession and use agreement?

Possession and use agreement is a legal document that outlines the terms and conditions under which a property owner allows another party to possess and use their property.

Who is required to file possession and use agreement?

The party that will be possessing and using the property is typically required to file the possession and use agreement.

How to fill out possession and use agreement?

To fill out a possession and use agreement, both parties must carefully read and agree to the terms and conditions outlined in the document. It is recommended to seek legal advice to ensure the agreement is legally binding.

What is the purpose of possession and use agreement?

The purpose of a possession and use agreement is to clearly define the rights and responsibilities of both parties involved in the possession and use of a property, helping to avoid any potential disputes or misunderstandings.

What information must be reported on possession and use agreement?

A possession and use agreement typically includes details such as the names of the parties involved, the property address, the duration of the agreement, any payments or fees involved, and any specific terms or conditions.

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