Post-Occupancy Settlement Agreements: What Homebuyers Need to Know About Rent Back

Home Buyers, let’s Talk about post-occupancy agreements, or as some call them, rent backs.
If you’re buying a home, it’s not unusual for sellers to ask to rent the place back after closing. This could be because they need time to move to their new home or relocate.
Here’s the deal: it’s standard practice, and it’s not a scam. The title company will hold a security deposit to cover any potential damages, and you’ll set the rent terms.
If you’re in a competitive market, you might even see offers where the seller gets a rent back period for free.
Don’t let this throw you off just make sure you understand the terms and how it fits into your overall deal.
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