Agreement To Occupy After Closing

Agreement to Occupy After Closing

This agreement is made on {date} between {Buyer Name}, hereafter "Buyer," and {Seller Name}, hereafter "Seller", with regards to the property located at {Location}:

Having signed a Real Estate agreement with the Buyer, leasing or selling the property rights of the above location to him/her, the Seller requests to retain occupancy access to said property for a short period of time.

Therefore, the Buyer permits the Seller {exclusive/non-exclusive} occupancy rights, beginning on the date of closing, {date}, and ending on {date} at {time}. At that time, the Seller ceases to have any rights to occupy the property in any way. S/he and all of his/her possessions must be removed by the appointed time.

The occupancy rights are extended exclusively to the Seller and his/her {family members, etc.}. No more than {number} people may occupy the property during this time. Pets {are/are not} allowed.

For these temporary occupancy rights, the Seller will pay the Buyer {amount} in {amount} installments over the course of {amount of time}. If the Seller defaults on any payments, or if payments are more than {number} days late, the Buyer will provide written notice to the Seller to depart the premises. {Amount of time} after the written notice, the Buyer may evict the Seller from the premises.

Seller has inspected the premises and agrees to occupy them as they are, without renovation or alteration. The Seller agrees to be held liable for any damages that arise during his/her occupancy that are not caused by an act of nature.

Buyer _________________________ Date __________

Seller _________________________ Date __________

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