Occupancy and rent back options
Need time after closing to move or finish your next home. A short rent back can work well when you set clear terms and protect both sides.
Common options
- Post-closing occupancy You stay in the home for a set period after closing and pay a daily rate.
- Leaseback A short written lease that defines rent, deposit, utilities, and maintenance.
- Holdover buffer A limited grace period with a higher per diem to discourage delays.
What to set in writing
- Exact dates and move-out time, daily rate, and deposit amount.
- Responsibility for utilities, lawn, pool, and minor repairs.
- Insurance requirements and buyer access for appraisals or work.
Risk checks
- Confirm buyer’s loan allows post-closing occupancy timeline.
- Verify insurance coverage for both parties during the period.
- Photograph condition at key handoffs and attach to the agreement.