OCCUPANCY BY PURCHASER Clause Samples

OCCUPANCY BY PURCHASER. Occupancy will be granted to PURCHASER □ upon act of sale or □ after the act of sale at ’clock □ a.m. □ p.m.

OCCUPANCY BY PURCHASER. Occupancy will be granted to PURCHASER 100 [ ] upon execution of the act of sale or [ ] days after the execution of the act of sale at 101 o'clock .m. 102 LEASES: The property [ ] is [ ] is not leased currently. 103 If leased, then this offer is conditioned on PURCHASER's receipt, review, and approval of 104 written leases within ( ) days from the date of acceptance of this agreement. 105 Security and pet deposits, keys, and lease agreements shall be transferred to PURCHASER 106 at closing. 107 PRORATIONS: Real estate taxes, homeowner's association dues, rent income, and any 108 similar items are to be prorated to the date of the act of sale. 109 MINERAL RESERVATIONS: Mineral rights, if any, are: 110 [ ] reserved by SELLER [ ] conveyed to PURCHASER. If SELLER reserves the mineral rights, 111 SELLER specifically waives the right to use the surface for any mineral activity. If SELLER conveys 112 the mineral rights, such mineral rights are conveyed without warranty. 113 BREACH OF AGREEMENT BY EITHER PARTY: In the event of default by either party, 114 the non-defaulting party shall have the right to demand specific performance or damages, at his 115 option. The defaulting party shall also be liable for the brokerage fees and all costs and fees, 116 including reasonable attorney's fees, incurred as a result of the breach of this agreement.