Get Delayed Possession Agreement - Greater Louisville Association Of Bb

Filling out the Delayed Possession Agreement is an important process for buyers and sellers to facilitate a smooth transition of possession after the sale of a property. This guide provides step-by-step instructions on how to complete the agreement online with clarity and ease.

Follow the steps to successfully complete the Delayed Possession Agreement.

1. Click the ‘Get Form’ button to access the Delayed Possession Agreement and open it in your preferred online form editor.
2. Fill in the agreement date with the correct day and month, and indicate the year of the transaction.
3. Enter the names of the parties involved. Input the name of the buyer in the first blank and the name of the seller in the second blank.
4. Provide the address of the property being sold in the designated field.
5. Indicate whether the Purchase and Sale Contract included a provision for the seller to retain possession post-closing. Choose 'did' or 'did not' and fill in the number of days for possession if applicable.
6. Specify the Vacate Deadline date and time when the seller is to vacate the property.
7. Enter the daily payment amount the seller must pay the buyer during the extended possession period.
8. Outline the holdover rate that applies if the seller remains in the property beyond the agreed Vacate Deadline.
9. Indicate that the seller will maintain the property and its condition during the extended occupancy.
10. Include notice regarding utility payments and the buyer’s right to inspect the property with proper notice.
11. Verify the final portion regarding attorney fees and costs associated with enforcement if needed.
12. After all entries are complete, save the changes made to the form. You can download, print, or share the document as necessary.

Complete your Delayed Possession Agreement online today for a seamless transaction.