Typically, the time to negotiate the contingency now being contemplating is during the overall contract negotiations. The generous buyers agreed to a 30-day post occupancy for the sum of $1.00 total, with a security deposit that will be returned after … This advertisement is not an offering. Normally, it would be reasonable to expect to receive rent during that 30-day period unless the rent after closing was a part of the bargain. 12 by _____ a.m. p.m. _____ days after Closing, 13 after which time Seller shall have no legal right to occupy the Premises. This morning, the seller called to say they hadn’t finished moving out and requested six extra days. Moving into your new home is a whirlwind of activity. Such filing does not constitute approval by the Department of Law. Seller to give occupancy 30 days after closing contingent upon: signed rental agreement, $1000.00 in escrow account (to be refunded in full if vacant prior to end of 30 day period), payment of one months rent of $800.00 (with prorated refund available if vacated prior to the end of the 30 day period), with penalty of $100.00 for everyday of occupancy after 30 day period to be deducted from escrow account. If you are wanting to occupy the home for 30 days after closing, I would suggest using a Post Occupancy Agreement that spells out the terms of the seller occupancy after closing. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. After all. Seller shall pay Buyer, as compensation, a post-closing occupancy fee (“PCOF”) for the Possession of the Property, at the rate of $_____ per day, which amount includes compensation for real property taxes, homeowner’s insurance, and common charges, if any, during the Term and any Extended Term. We want to avoid a potential breach of the owner-occupancy rules and a potential delay in closing time by a persnickety underwriter. The bank is not a party to the contract. It is possible the agent could have some liability, and an obligation to make this situation their problem. After completion has finalized, you are able to move on to the possession day and getting the keys to your new home! Occupancy date and closing date – what new condo buyers need to know? After months of planning, you will finally own your new home. ---Interior Design/DécorOutdoor DesignEntertainingBuying/Selling/MovingHome Maintenance. If a seller needs more time to move, they can specify this while negotiating the sales contract. Walt M. Monty’s Answer: Hello Walt, and thanks for your questions. The occupancy date will be the day that you move into your home. Realogy Holdings Corp. Ryan Schneider, Chief Executive Officer & President, Realogy. Here are some things to keep in mind. THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. Before your closing appointment, you’ll do a final walk-through with your superintendent to confirm that everything is ready for you to move-in. 5 If the buyer's new payment is $3,000 PITI, that would work out to $100 per day. Special programs, such as a first-time home buyer program, may take 35 to 45 days. Better Homes and Gardens Real Estate LLC is a subsidiary of Realogy Holdings Corp., a global provider of real estate services. 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