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TEMPORARY OCCUPANCY AGREEMENT FOR SELLER AFTER CLOSING EXHIBIT Georgia REALTORS 2015 Printing NOT TO BE USED IF OCCUPANCY IS FOR MORE THAN 30 DAYS This Exhibit is part of the Agreement with an Offer.

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A PCOA is when a seller will stay in the property past the closing date or settlement date. PCOAs, also known as Post-Closing Possession Agreements, Post-Occupancy Agreements (POA), or “rent backs,” can vary widely in price and structure.

A use and occupancy agreement, also known as a U&O agreement, is a legal document that is commonly used when a property owner sells their property to a buyer, but the seller is not yet ready to move out or allow the buyer to take possession of the property.

A rent-back agreement is when the buyer lets the seller stay in their home for a certain amount of time after closing. This usually happens when the seller hasn't found a place to live yet and needs more time before officially moving out of their old home.

Enter the Post Occupancy Agreement This is an agreement where the seller sells the home at closing, as is supposed to happen, but then the seller remains in the home, essentially as a tenant of the new buyer. The parties will transform from buyer-seller, into landlord tenant, for an agreed upon amount of time.

The SIP form begins with an opportunity to attach this agreement with the RPA or another key agreement for the sale of the property. The SIP explains that “the Addendum is intended to grant Seller a license to remain in possession of, and use, the Property after the Close of Escrow.” (C.A.R. Form SIP, Revised 12/17).

What is a Post-Closing Possession Agreement in NYC? A post-closing possession agreement is a contract that allows the seller of a property to remain on it temporarily after the closing has already occurred. Properties include things like condos, co-ops, and townhomes.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232