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POST CLOSING OCCUPANCY AGREEMENT No Daily Rent  Form

POST CLOSING OCCUPANCY AGREEMENT No Daily Rent Form

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[Music] hey everyone in this video i want to cover seller post occupancy agreements are what we commonly refer to as rent back agreements and so in our sales contract here in northern virginia we provide possession of the property meaning the buyer who is purchasing the property would have full use of the property starting from the point of settlement so that of course means that the seller would be fully out of the property as of the point of settlement so typically the morning of or you know the day before or some days before settlement the seller has already fully moved out of the home and then the buyer would become uh able to start moving in and have full access and use of the property as of settlement so a post-settlement occupancy agreement or this rent back is to allow the seller to not have to vacate and move out of the property at time of closing it actually allows them to stay in for a prescribed period of time so what we commonly see is that in a normal balanced market the

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