Close Menu
Westchester & Putnam County Lawyers > VIDEO FAQS > Should I allow the seller to remain in the home after closing?

Should I allow the seller to remain in the home after closing?

Sometimes it’s beneficial to allow a seller to remain in possession after a closing. We routinely do that. We use something called a use in occupancy agreement, which kind of outlines the terms for that periodic stay. It’s often useful if you have a mortgage commitment that is expiring, or a rate lock that’s expiring, you want to close, but the sellers aren’t ready to move. So a post closing occupancy is definitely something that could come in handy.

Share This Page:
Facebook Twitter LinkedIn Google Plus

© 2017 - 2018 Meyer & Spencer, P.C. All rights reserved.
This law firm website is managed by MileMark Media.

  • facebook
  • twitter
  • linkedin
  • google+
Follow Us On
Contact Form Tab