rentbacks on a contract: Is the Post Closing Occupancy Agreement Right for YOU?
- 12/09/20 07:30 AM
You found the perfect home, and you need possession right after closing. BUT, the Seller has not found a home, and asking for a rentback for a month. What do you do? Is this the right situation for you?
First, the Post Closing Occupancy Agreement spells out to the both the buyer and seller, how long the Seller can remain in the property, who pays for the electric and gas, and water. Also, this document has an area to require the Seller to keep insurance on the property after closing. (After closing, there is no homeowner's insurance, so they will need … (20 comments)
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