Seller’s Post-Closing Occupancy Clause Samples
The Seller’s Post-Closing Occupancy clause allows the seller to remain in the property for a specified period after the closing date. Typically, this clause outlines the duration of the seller’s continued occupancy, any rent or security deposit required, and the responsibilities for utilities and property condition during this time. Its core function is to provide a structured arrangement for situations where the seller needs extra time to vacate, thereby preventing disputes and ensuring a smooth transition of possession to the buyer.
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Seller’s Post-Closing Occupancy. At the Closing and as part of the Closing Documents to be delivered by the parties pursuant to Article 9, Seller and Buyer shall enter into a lease in the form annexed hereto as Exhibit E with respect to Seller’s post-closing occupancy of the Property (the “Seller’s Lease”).