Get Occupancy Addendum Page Of

The OCCUPANCY ADDENDUM Page Of is a critical document used in real estate transactions to outline the terms under which a seller may retain occupancy of a property after closing. This guide provides clear, step-by-step instructions to help users complete the form accurately online.

Follow the steps to fill out the OCCUPANCY ADDENDUM Page Of online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill in the property information section, including the street address, city, and zip code where the property is located.
3. Indicate the scheduled possession date by entering the specific date and time the seller will vacate the premises.
4. Select the appropriate occupancy charge option: A. Lump-sum, B. Daily rate, or C. 1/30 PITI, and enter the corresponding dollar amount.
5. If applicable, specify the hold-over penalty, including either the daily amount or a flat fee the seller will pay if they do not vacate on time.
6. Enter the amount for the damage deposit escrow that the seller will pay at closing.
7. In the insurance section, clarify that the purchaser will maintain hazard insurance and outline the seller's insurance responsibilities.
8. Include any additional terms or modifications that may be pertinent to the occupancy arrangement.
9. Review all filled information for accuracy before proceeding.
10. Once completed, save the changes, and you can choose to download, print, or share the form.

Complete your documents online today to ensure a smooth real estate transaction.