Contracts
In Kansas, a real estate contract where the seller is to remain in possession after closing is called a:
AReverse possession agreement
BSeller post-closing occupancy agreement (leaseback or rent-back arrangement)✓ Correct
CTenancy at will by seller
DLicense to occupy
Explanation
When the seller remains in the property after closing, a post-closing occupancy agreement (leaseback) must be executed specifying the period of occupancy, payment, and conditions.
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