tar1911: Can an FHA Buyer do a Temporary Residential Lease? - 06/22/17 06:56 AM
Texas real estate contracts provision for temporary leases for both Buyers and Sellers to accommodate for either early possession (ahead of the closing date) or deferred possession (after the closing date).
Temporary leases under a purchase agreement are different from standard lease agreements in several ways, most notably:
• these temporary agreements have restrictions on the term (duration / number of days). Specifically, a Buyer's Temporary Residential Lease is strictly limited to a term of no more than 90 days PRIOR to closing.
• these agreements do not impose Property Code compliance requirements for matters of repairs and maintenance, smoke alarms, and security devices.
In recent years, … (3 comments)

 
Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™ (Providence Group Realty) Rainmaker large

Amanda Thomas

​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™

Plano, TX

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Providence Group Realty

Address: 3308 Preston Rd #350-124, Plano, Texas, 75093

Mobile: 469.298.9706

Fax: 469.645.6363

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