In most cases, a final passage through the house is made before the beginning of the seller`s occupation. This allows both parties to see the condition of the house, and it protects the buyer from the damage that the seller can cause during restocking. It is important to closely respect the deadlines set out in the post-settlement contract for the loss period. When they do not assert written rights to the seller and agent within the prescribed time frame, this is often a waiver of the law. Even something less extreme than a burning house can raise some tricky questions in a post-occupation situation. If the seller remains in possession of a co-op apartment after closing, it is advisable to confirm that the co-op company is not obliged to authorize the seller`s occupation of the marketing (this may be considered a subletting and contrary to the rules of cooperation). In addition, all co-op costs associated with closing the mail should be paid by the seller, but do not take this agreement lightly – it has a significant impact and should only be used as a last resort. The parties should accept the terms of the contract before signing a contract – this will avoid a misunderstanding at the time of conclusion. Whatever the reason for an occupancy agreement after the conclusion, the contract should address the following: Your realtor should have access to the standard post-billing form that will help you through the post-billing process.
But what if the refrigerator no longer works 2 weeks after closing, during the rental period? Who`s responsible? These types of diplomas are often referred to as post-occupancy agreements. By definition, it is an agreement by which the buyer of a property accepts the seller of the property to stay on the property well beyond the billing date. These are not boiler panel agreements, but qualified legal acucucucuness is essential to ensure that all parties are protected, since there can be major liability issues if these agreements are not properly organized and reviewed. Alternatively, a seller of a property may require that he remain in possession of his house even after closing.