Common use of TENANT OCCUPIED Clause in Contracts

TENANT OCCUPIED. If the Property is tenant occupied all security deposits held by Seller in connection with the tenancy shall be paid to Buyer and all rents are to be prorated to date of Closing regardless if such rent has been collected, Buyer understands that after Closing Seller has no authority over the tenants and therefore Buyer is solely responsible for pending legal action to evict any tenant having possession at the time of the Closing.

TENANT OCCUPIED. If the Property is tenant occupied occupied, all security deposits held by Seller in connection with the tenancy shall be paid to Buyer and all rents are to be prorated to date of Closing regardless if such rent has been collected, Buyer . Xxxxx understands that after Closing Closing, Seller has no authority over the tenants and therefore Buyer is solely responsible for pending legal action to evict any tenant having possession at the time of the Closing.