Contracts
Under the Colorado CBS contract, the 'Possession Date' can be different from the 'Closing Date' when:
AA. The seller wants to rent the property back from the buyer after closing
BB. Both A and when the buyer needs to move in before closing✓ Correct
CC. The title company requires extra time
DD. The lender delays funding
Explanation
The Colorado CBS contract allows the parties to negotiate different closing and possession dates. A seller may need to stay in the home after closing (post-closing occupancy agreement / seller rent-back). Similarly, a buyer may negotiate early occupancy before closing (pre-closing possession). Both arrangements require careful documentation of terms and risk allocation.
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