Found 173 relevant pages. The strongest matches explain what “license to occupy queensland” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Immediate transfer of liability: Under the REIQ contract, the buyer's risk commences the exact moment you take early possession, meaning you are 100% financially responsible for any fire, flood, or accidental damage before legal settlement occurs.
• No standard tenancy protections: Because this is a temporary license and not a formal lease under the Residential Tenancies and Rooming Accommodation Act 2008 (Qld), you do not have standard eviction protections and can be forced to vacate immediately if the contract crashes.
• Strict insurance requirements: Buyers must secure comprehensive building and contents insurance effective from the occupation date; failing to do so leaves you exposed to hundreds of thousands of dollars in liability if the property is destroyed.
• Waiver of objection rights: By moving in early, you are generally legally deemed to have accepted the property in its current physical state, severely limiting your right to object to minor defects or claim compensation prior to settlement.
• Costly upfront fees: Sellers often demand a weekly or daily license fee (for example, $400 to $600 per week) which must be paid upfront or adjusted at settlement, adding unexpected out-of-pocket expenses for first-home buyers.
• Strict prohibition on alterations: The standard early possession conditions strictly forbid the buyer from making any structural changes, renovations, or even minor cosmetic alterations to the property until the official title transfer is complete.