AGREEMENT TO OCCUPY PROPERTY PRIOR TO CLOSE OF ESCROW 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the date of the agreement at the top of the form. This is crucial for establishing the timeline of your occupancy.
  3. Fill in the names of both Seller and Buyer in the designated fields. Ensure accuracy as these names will be referenced throughout the document.
  4. Specify the property address that is being purchased, along with escrow details including Escrow Number and agent information.
  5. In Section 2, indicate the per diem rental amount due from Buyer to Seller, ensuring this is agreed upon by both parties.
  6. Complete Sections 4 through 9 by providing necessary details about utility responsibilities, insurance coverage, and any additional agreements that may apply.
  7. Finally, ensure all parties sign and date at the bottom of the form to validate this agreement before submission.

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In circumstances when a homebuyer really needs to move into the home before the closing date, a use and occupancy agreement might be the only option that can keep the transaction together. A use and occupancy typically is utilized when a homebuyer is in a really tough spot and not just simply for convenience.
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 Use and Occupancy (UO)? The term use and occupancy (UO) refers to a real estate agreement between two parties, a homebuyer and a seller. It may allow a buyer to use and/or occupy a property before ownership is transferred. Or it may allow a home seller to stay on the property after closing.
Early possession or occupancy is a request made by a homebuyer to move into a property before the closing date. While this request may seem convenient, it can pose docHub risks to the seller. However, there are also benefits that come with allowing early possession.
Yes, you can ask. You can also ask to have the delivery date after closing. You can also put items in storage until closing.
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