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Temporary Lease Agreement to Prospective Buyer of Residence Prior to Closing District of Columbia Form

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Temporary Lease Agreement to Prospective Buyer of Residence Prior to Closing District of Columbia Form

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Hello, Welcome back to our video updates. It's Sade. Today's video is covering what we call Lease Back Agreements or Seller's Lease Back or Seller's Temporary Lease Agreement, and this type of lease agreement is used during a Real Estate transaction between the buyers and the sellers. Typically, the reason why a seller would need to lease back is that they want access to the funds or guarantee of Closing on the deal and at the same time, they do need a few days to be able to move. So, let me give you some scenarios under which that would be helpful to the seller. If there's a Closing date set up, sometimes closings tend to fall through where for whatever reason the buyers are not able to continue with the transaction, maybe because their financing fell through or something else happened and if the seller has already started moving seller's belongings into a new house or new space where they're renting, now they're stuck wi

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