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Updated about 1 year ago,

User Stats

45
Posts
7
Votes
Andy S.
  • Investor
  • Somerset
7
Votes |
45
Posts

Use and Occupancy - Risks for a Buyer in New Jersey

Andy S.
  • Investor
  • Somerset
Posted

Hello All,

I am a buyer of a property in NJ for which closing is planned soon. The seller is requesting use and occupancy for few days post closing (ie post closing seller wishes to stay in the property for some days untill they move to their next residence for which their closing is also planned). In such a case is there any risk to me as a buyer in NJ? Would this become an eviction issue? 

Any of you experienced any adverse issues in such a scenario? Any caveats I must look for? Red flags?

Thanks in advance

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