I’ve had a couple of buyers ask me recently about using a lease option, or “lease-to-own” agreement to buy a house. Since I have had some experience with this, decided to post about it. If you wanted to consider lease-to-own, also known as lease-option, of a property, the most likely candidates are vacant homes that…
Tag Archive: Interim Occupancy Agreement
Interim Occupancy Agreement
Protecting the Seller When a Buyer takes Possession Prior to Close of Escrow I usually discourage giving the buyer possession of a property prior to actually closing the sale, but with the current situation in the lending environment, it may become necessary to do this more regularly. In California, we have a form called “Interim Occupancy Agreement” that…