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7-YEAR RIGHT OF USE AGREEMENT (STRUCTURE)
Parties
Owner / SPV
Beneficiary (User)
1. Object of the Agreement
Grant of an exclusive right to occupy and use the property for residential purposes for 7 years.
2. Duration
Fixed term: 7 years
No automatic renewal unless explicitly agreed.
3. Permitted Use
Primary residence
Secondary residence
Rental use (if allowed — optional clause)
4. Restrictions
No structural modifications without consent
No illegal or commercial misuse
Maintenance obligations defined
5. Costs
Utilities and day-to-day expenses: User
Structural ownership costs: Owner (unless otherwise agreed)
6. Transferability (Optional)
The right of use may or may not be transferable, depending on edition rules.
7. End of Term Options
At the end of the 7 years, the User may:
Vacate the property
Request an extension
Purchase the property at a pre-defined preferential price (if offered)
8. No Ownership Rights
The User acknowledges that no ownership rights are acquired through this agreement.
9. Governing Law & Jurisdiction
Defined per property location or holding entity.
