Dear Forms Committee: In OREF 054 – Agreement to Occupy After Closing, is day one considered the date of closing or the day after closing?
When selecting the number of “days after closing” in section 2 of OREF 054 – Agreement to Occupy After Closing, since the time frame indicated is “days after closing,” day one would be considered the day after closing. See also Item (8) of the “Miscellaneous” Section of the Sale Agreement, which says “Time calculated in days after a triggering event, such as delivery of a document, will start on the first full Business Day after the triggering event….”
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