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SELLERS EXTENDED OCCUPANCY AGREEMENT This form approved by the North Dakota Association of REALTORS, which disclaims any liability out of use or misuse of this form. This form is only for use by licensed

How to fill out sellers extended occupancy agreement

How to fill out sellers extended occupancy agreement

1. Begin by obtaining a copy of the seller's extended occupancy agreement form.
2. Enter the date of the agreement at the top of the document.
3. Fill in the names and addresses of the seller(s) and buyer(s).
4. Specify the property address being sold.
5. State the length of time the seller will occupy the property after the sale closes.
6. Detail the terms of occupancy, including any rent to be paid by the seller if applicable.
7. Include any conditions or stipulations regarding maintenance or utilities during the occupancy period.
8. Initial and sign the document where indicated by both parties.
9. Review the entire agreement for completeness and accuracy before submitting.

Who needs sellers extended occupancy agreement?

1. Sellers who require additional time to vacate the property after closing.
2. Buyers who are willing to allow the sellers to remain on the property temporarily.
3. Real estate agents facilitating the transaction for both parties.
4. Lenders who may need to ensure occupancy terms are clear for financing purposes.

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What is sellers extended occupancy agreement?

A sellers extended occupancy agreement is a legal document that allows the seller to remain in the property for a specified period after the sale is finalized, providing them with additional time to move out.

Who is required to file sellers extended occupancy agreement?

The seller of the property is typically required to file the sellers extended occupancy agreement if they intend to stay in the home beyond the closing date.

How to fill out sellers extended occupancy agreement?

To fill out a sellers extended occupancy agreement, the seller should provide details such as the property address, the duration of the occupancy, any agreed-upon fees, and the responsibilities related to utilities and maintenance during the occupancy period.

What is the purpose of sellers extended occupancy agreement?

The purpose of a sellers extended occupancy agreement is to formalize the terms under which the seller can remain in the property after the sale, ensuring clarity and legal protection for both parties.

What information must be reported on sellers extended occupancy agreement?

The sellers extended occupancy agreement must report information such as the names of the parties involved, property address, duration of occupancy, financial terms, and any contingencies or obligations.