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paragraph 10 possession meaning possession of the property what were talking about here is something that I see probably on at least a monthly basis and that is when should possession occur your two choices here are upon closing and funding or ing to a temporary residential lease typically called a lease back with the lease back easy no problem closing and funding option however can become tricky if the buyers are wanting to move in the closing happens on a Friday but the documents didnt go out to the lender in time for it to fund that same day on a Friday its not gonna fund until Monday but guess what buyers have movers scheduled for Saturday and theyve put down ten thousand dollars well youre gonna have to do a lease back in that situation because those buyers should never ever ever be given possession of that property be given the keys until funding occurs because you never know if funding might never occur if theres a snag if there was an error what happens if the buyers move
