use and occupancy

Use and Occupancy

Recently, during the most competitive times in the seller-favoring real estate market, more sellers were asking for the right to stay in the home after the closing. This makes life much easier for the seller. Under typical circumstances, the seller and all their possessions must be out of the house before closing. The buyer walks

By |2022-08-18T07:37:43-04:00August 24th, 2022|Categories: buying process, Legal questions|Tags: , , |

What is a Use and Occupancy Agreement?

Question: The listing sheet says: “Seller requires Use and Occupancy until January 7, 2022.” What does that mean? A Use and Occupancy Agreement is a contract that allows a seller to stay in the property after closing. Although there are templates online, my advice is to have an attorney write or review any Use and

By |2021-10-19T19:44:49-04:00October 20th, 2021|Categories: buying process, Legal questions|Tags: , , |