Common use of Exchange at Closing Clause in Contracts

Exchange at Closing. At Closing, Seller shall deliver to Purchaser the Special Warranty Deed for the Property, a certificate of occupancy for the house located on the Property issued by the applicable governmental authority, and, if applicable, a certificate of final approval by FHA or VA. At Closing, Purchaser shall pay to Seller the Purchase Price in full. Purchaser agrees that Purchaser shall not take possession of the Property, and that Seller shall not provide keys to the Property to Purchaser, until such time as the appropriate Deed has been recorded with the Register of Deeds in the county where the Property is located.

Appears in 5 contracts

Samples: Home Purchase Agreement, Home Purchase Agreement, Home Purchase Agreement

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