Occupancy and possession options
Possession terms answer “when do the buyers get the keys” and “do sellers stay after closing.” Choose the plan that fits your move and spell out the details.
Common options
- Keys at recording Standard transfer at closing or upon deed recording.
- Post-closing occupancy Seller stays briefly after closing with a written agreement.
- Rent-back Longer stay with per-day rent, deposit, utilities, and insurance defined.
Tip
Use a separate occupancy addendum with dates, rent, deposit, condition report, access rules, and penalties for overstaying. This protects both sides.
Seller checklist
- Confirm your new-home timeline before negotiating possession.
- Clarify what stays versus what you’re moving.
- Keep insurance active until you vacate.