Fill and Sign the Temporary Possession Form

Temporary Residential Lease or Early Possession Agreement with Occupation by Purchaser Agreement made on the __________________ (date) , between _____________________ (Name of Seller) of ________________________________ __________________________________________ (street address, city, state, zip code) , referred to herein as Seller , and _______________________ (Name of Purchaser) , of _________________________________________________________ __________________ (street address, city, state, zip code) , referred to herein as Purchaser . Whereas, the parties have both executed an Agreement for the sale from Seller to Purchaser of certain real property (the Agreement of Sale ) located at _____________ ______________________________________________________________________ (street address, city, state, zip code) , (the Property ); and Whereas, the parties have agreed to permit Purchaser early possession of the Property under the terms and conditions contained in this Agreement; Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Seller hereby leases to Purchaser the Property described in the Agreement of Sale between Purchaser and Seller dated __________________ (date) . 2. The term of this Lease commences on __________________ (date) and terminates on the date the sale covered by the Agreement of Sale is closed, unless terminated earlier by reason of other provisions. 3. Purchaser shall pay to Seller as rental $__________ per day with the full amount of rental for the term of the Lease to be paid at the time of funding of the sale. 4. Purchaser shall pay to Seller at beginning of the term of this lease the sum of $___________as a deposit to secure performance of this Lease by Purchaser. Seller may use the deposit to satisfy Purchaser's obligations under this Lease. Seller shall refund at Closing any unused portion of the deposit to Purchaser with an itemized list of all deductions from the deposit. 5. Purchaser shall pay all utility charges except (list exceptions) ______________ ______________________________________________________________________ __________________________________________________, which Seller shall pay. 6. Purchaser may use the Property only for single family dwelling purposes. Purchaser may not assign this Lease or sublet any part of the Property. 7. Purchaser may not keep pets on the Property except (describe exceptions) ______________________________________________________________________ ______________________________________________________________________ _____________________________________________________________________. 8. Purchaser accepts the Property in its present condition and state of repair at the commencement of the Lease. Upon any default, Purchaser shall surrender the Property to Seller in the condition required under the Agreement of Sale at the time of closing, except normal wear and tear and any casualty loss. 9. Purchaser may not alter the Property or install improvements or fixtures without the prior written consent of Seller. 10. Seller may enter at reasonable times to inspect the Property. 11. Purchaser shall comply with all applicable laws, restrictions, ordinances, rules and regulations with respect to the Property. 12. Purchaser shall bear all expense of repairing and maintaining the Property, including but not limited to yard, trees and shrubs. Purchaser shall promptly repair at Purchaser's expense any damage to the Property caused directly or indirectly by any act or omission of the Purchaser or any person other than Seller, Seller's agents or invitees. 13. Purchaser indemnifies Seller from the claims of all third parties for injury or damage to the person or property of such third party arising from the use or occupancy of the Property by Purchaser. This indemnification includes attorney's fees, costs and expenses incurred by Seller. 14. Purchaser and Seller shall each maintain such insurance on the Property as each party may deem appropriate during the term of this Lease. 15. If Purchaser fails to perform or observe any provision of this Lease and fails, within 24 hours after notice by Seller, to commence and diligently pursue to remedy such failure, Purchaser will be in default. 16. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 17. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of _______________. 18. Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. WITNESS our signatures as of the day and date first above stated. ________________________ _________________________ (P rinted Name of Seller) (P rinted Name of Purchaser) ________________________ _________________________ (Signature of Seller) (Signature of Purchaser ) (Acknowledgment form may vary by state) State of _____________________ County of ___________________ Personally appeared before me, the undersigned authority in and for the said County and State, on this _________________ (date) , within my jurisdic tion, the within- named ________________________ (Name of Purchaser) , who acknowledged that he executed the above and foregoing instrument. ________________________________ NOTARY PUBLIC My Commission Expires: ____________________ State of _____________________ County of ___________________ Personally appeared before me, the undersigned authority in and for the said County and State, on this __________________ (date) , within my jurisdic tion, the within-named ____________________ (Name of Seller) , who acknowledged that he executed the above and foregoing instrument. ________________________________ NOTARY PUBLIC My Commission Expires: ____________________