Tip of the Week: OREF 054 – Agreement to Occupy After Closing

OREF 054 – Agreement to Occupy After Closing: When preparing the Agreement to Occupy, make sure to have thorough discussions with your buyer client about how to best address the following items: a) the amount of the security deposit, and b) the property’s condition once the seller vacates after their occupancy. Having these conversations up front avoids any potential future conflict of expectations.

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.