Jersey City New Jersey Use and Occupancy Agreement when Seller plans to Remain

State:
Multi-State
City:
Jersey City
Control #:
US-C-C-0620-1
Format:
Word; 
Rich Text
Instant download

Description

A use and occupancy agreement - sometimes referred to as a U&O - is a temporary agreement between the buyer and the seller that allows one party the right to use and occupy the property for a set period of time. It's usually put in place if the buyer needs to move into the property before ownership can be transferred, however can be used when a seller is to remain in the property for a specific term at a specific rate.
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FAQ

Yes, indeed, Jersey City does come with a higher cost of living than most places. In fact, its cost of living index is 26% greater than the national average.

If you're looking for a hip, urban, yet more affordable place to live, Jersey City is likely the place for you. In contrast, if you'd like to enjoy the exciting nightlife, proximity to NYC, and overall young, hip vibe Hoboken may be your best bet.

Bidding wars and record high rents in New York are behind the price surge in Jersey City as well, with more renters looking for a reprieve across state lines. Deals can be found, with many units offering more space and coveted amenities like an in-unit washer and dryer.

Jersey City city, Hudson County, New Jersey.

Liberty Park | Safest neighborhood in Jersey City Liberty Park has the distinction of being the safest neighborhood in Jersey City. Its overall crime rate is 60% lower than the Jersey City average, and 67% below the national average.

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Jersey City New Jersey Use and Occupancy Agreement when Seller plans to Remain