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Updated over 6 years ago on . Most recent reply
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Seller wants "Move-Out Period"
Hey BP!
I'm setting up a Purchase Agreement for a home with a seller that wants to stay another 30 days after closing, and rent the home back for that period, as a "move out period". It's my first time negotiating with a seller that wanted to stay in the house another 30 days after closing. Should I just extend the Closing Date to whenever they're ready to deliver Possession? Or should I try to set up a lease after closing for that month?
I'm a bit lost so I'd really appreciate any help,
Thank you guys in advance!