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AGREEMENT TO OCCUPY BEFORE CLOSING, Page 1 of 3 2025

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The document is an addendum to a real estate sale agreement that grants the buyer the right to occupy the property before closing. It outlines terms of occupancy, including duration, compensation, maintenance responsibilities, risk of loss, and conditions for termination. The buyer must pay rent and maintain the premises while adhering to various legal and insurance requirements. Additionally, it specifies procedures for disputes and compliance with Oregon law.

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Can you take possession of a house before closing?

A pre-occupancy agreement, also known as an early possession agreement, is a contract that allows a buyer to move into a property before closing day. This type of agreement can be beneficial in certain situations, but it also involves specific risks and considerations for the buyer and the seller.

Why should you never ever let buyers take possession before closing?

Risk of Damage: If the buyer moves in before closing, theres a risk they could damage the property or alter it in ways that could affect the sale. Liability Issues: You may face liability for accidents or injuries that occur on the property before the sale is finalized.

What is an occupancy agreement before closing?

A pre-occupancy agreement, also known as an early possession agreement, is a contract that allows a buyer to move into a property before closing day.

What is a temporary occupancy agreement after closing?

A post-occupancy agreement, also known as a post-closing possession agreement, allows the seller to remain in the property they just sold to the buyer for a set period after closing. This can be a win-win for both parties in some situations, but it comes with major risks for the buyers.

What are the risks of early occupancy?

The most obvious risk in early occupancy is the buyers failure to close this can be due to inability, unwillingness or the failure of a contract contingency (ex. loan is denied in the final moments).

early occupancy agreement

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Can a buyer make repairs before closing?

Homebuyers can request house repairs before they buy it. Doing so is common across California. A buyers agent can issue the request for repairs during the transaction. When the deal closes, the buyer has a house they love, without the added need for repairs.

What is buyer possession before closing?

Buyer Possession Before Closing refers to a scenario where the buyer moves into the property before the sale is finalized. Under the right circumstances, this arrangement can benefit both parties. However, its essential to weigh the risks and benefits carefully.

AGREEMENT TO OCCUPY BEFORE CLOSING, Page 1 of 3 2025

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Can a buyer make repairs before closing?

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