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This document serves as an addendum to a real estate contract allowing the buyer to take possession of the property before the closing date, detailing responsibilities and conditions of occupancy.

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How to fill out pre-closing possession addendum

How to fill out Pre-Closing Possession Addendum

01

Begin by obtaining a Pre-Closing Possession Addendum form from your real estate agent or legal counsel.

02

Fill in the property address and include the names of the buyer and seller.

03

Specify the date when possession of the property will be transferred to the buyer.

04

Outline the terms of the possession, including any rent or fees the buyer will pay during the occupancy period.

05

Include any additional conditions or responsibilities for both parties during possession, such as maintenance and insurance obligations.

06

Ensure the form is dated and signed by both the buyer and seller for it to be legally binding.

Who needs Pre-Closing Possession Addendum?

01

The Pre-Closing Possession Addendum is typically needed by buyers who want to take possession of a property before the official closing date.

02

Sellers may also use the Addendum if they are allowing early access to the property as part of the sale agreement.

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What is Pre-Closing Possession Addendum?

A Pre-Closing Possession Addendum is a legal document that allows the buyer to take possession of the property before the official closing date, under specific terms and conditions.

Who is required to file Pre-Closing Possession Addendum?

Typically, it is the seller who is required to file the Pre-Closing Possession Addendum, but both the buyer and seller must agree to its terms.

How to fill out Pre-Closing Possession Addendum?

To fill out a Pre-Closing Possession Addendum, both parties should provide details including the date of possession, duration of the possession, and any conditions or responsibilities for the tenant or buyer during this period.

What is the purpose of Pre-Closing Possession Addendum?

The purpose of the Pre-Closing Possession Addendum is to outline the terms under which the buyer may occupy the property before the sale is finalized, protecting the interests of both parties.

What information must be reported on Pre-Closing Possession Addendum?

The information that must be reported includes the names of the parties involved, the property address, the dates of possession, the terms for use and responsibilities, and any agreements regarding liability or damages.

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