Get Contract Use And Occupancy Agreement Seller To Remain

Filling out the Contract Use And Occupancy Agreement Seller To Remain can seem daunting at first, but this guide will provide a clear and supportive approach to completing the form online. Understanding each section and its requirements will help you navigate through the process smoothly.

Follow the steps to accurately complete your agreement.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the date of the agreement at the top of the form. This will usually be the date you are filling out the document.
3. In the first blank space, input the name and address of the Buyer. This refers to the person or entity purchasing the property.
4. Next, in the space provided, enter the name and address of the Seller. This is the individual or entity who is selling the property but will remain in the property under this agreement.
5. Fill in the description of the Property being sold, ensuring it is clear and precise to avoid any confusion.
6. Indicate the terms under which the Seller will remain on the property. Specifically, note that the Seller will occupy it as a licensee and spell out that they do not have tenant rights.
7. Complete the section for the initial term of occupancy. Specify the duration that the Seller is allowed to remain and the daily cost, including any utility costs.
8. If applicable, outline any holdover penalty the Seller would incur if they do not vacate the Property by the end of the stated term.
9. Mention responsibilities concerning property damage, confirming that the Seller acknowledges their liability during their occupancy.
10. Complete the insurance and indemnity section, affirming that the Seller will maintain adequate coverage and indemnify the Buyer against claims.
11. Include the inspection clause, allowing the Buyer to inspect the Property as needed during the Seller’s occupancy.
12. Fill in the escrow amount that will be held and explain conditions for the release of these funds.
13. Finally, ensure all parties sign and date the agreement. This includes the Buyer and Seller, ensuring that witnesses are included if required.
14. Review the completed form for accuracy and comprehensiveness, then save your changes. You can then choose to download, print, or share the form as needed.

Complete your Contract Use And Occupancy Agreement Seller To Remain online today!