Contracts
Indiana's residential purchase contract includes a 'possession' clause that specifies:
AWhen the buyer must begin making mortgage payments
BWhen the buyer receives physical possession of the property — typically at closing or at a specified time after✓ Correct
CWho is responsible for maintenance costs
DWhen the seller must remove all personal property
Explanation
The possession clause in an Indiana purchase agreement specifies when the buyer will receive the keys and physical possession of the property — typically at closing, or at a negotiated date (seller rent-back or delayed possession).
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