Common Contracts
1 similar Possession Agreement contracts
SHORT-TERM POST-POSSESSION AGREEMENTPossession Agreement • May 28th, 2021
This form is provided as a courtesy to the parties only. It is not required to be used and may not fit the needs, goal, and purposes of the parties. Broker(s) makes no statement or warranty as to the legal validity of this form, its contents or use, and the parties, by their use of this form, acknowledge and agree that Broker(s) shall not be liable to any party or person for its contents or use. The parties acknowledge that this short-term possession agreement constitutes temporary use and is not a lease. Therefore, the Arizona Residential Landlord Tenant Act, A.R.S. § 33-1301, et seq., are inapplicable. The parties are advised to: (i) seek appropriate counsel from lender, insurance, legal, tax, and accounting professionals before entering into this agreement that allows the Seller to maintain possession following close of escrow for an agreed amount of time and (ii) consider the use of a lease agreement rather than a post-possession agreement.
