Interim Occupancy Agreement Sample Clauses
An Interim Occupancy Agreement is a contractual provision that allows a buyer to take possession of a property before the official closing date, typically when the seller has not yet completed all conditions for final transfer. Under this agreement, the buyer may occupy the property and is usually required to pay a daily fee or rent to the seller until closing is finalized. This clause is commonly used in real estate transactions to bridge the gap between possession and ownership, ensuring both parties have clear terms for use and responsibility during the interim period.
POPULAR SAMPLE Copied 7 times
Interim Occupancy Agreement. The Interim Occupancy Agreement executed by Seller.
Interim Occupancy Agreement. Seller shall deliver possession of the Property to Buyer at the Closing, subject to the Interim Occupancy Agreement in the form attached hereto as Exhibit C (“Interim Occupancy Agreement”). As a material part of the consideration for this Agreement, Buyer agrees to permit Seller to continue to occupy a portion of the Property following the Closing in accordance with, and subject to, the terms and conditions of that certain Interim Occupancy Agreement. The terms and conditions of the Interim Occupancy Agreement are matters of agreement between the parties, with which Escrow Holder is not to be concerned, save and except that each party shall deposit an executed copy of such Agreement into Escrow, for distribution at the Closing.