Delayed Possession Agreement - Greater Louisville Association of bb 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the date of the agreement in the first blank field. This is crucial for establishing the timeline.
3. Fill in the names of both Buyer and Seller in the designated fields, ensuring accuracy for legal purposes.
4. Specify the property address where indicated, as this identifies the subject of the agreement.
5. Indicate whether the Purchase and Sale Contract allowed Seller to retain possession post-closing by checking either option a or b.
6. Set the Vacate Deadline by filling in the date and time when Seller must vacate, ensuring clarity on expectations.
7. Complete payment details, including daily rates for occupancy and holdover fees, which are essential for financial agreements.
8. Review all sections carefully to ensure compliance with terms regarding property maintenance and utilities during Seller's possession.
9. Finally, have both parties sign and date at the bottom of the form to finalize this legally binding agreement.

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