Contracts
A NH buyer requests possession of the property 3 days before closing (pre-closing possession). The seller should:
AGrant it as a courtesy since the buyer is almost an owner
BConsider a formal pre-closing possession agreement with specific terms, insurance provisions, and daily rent✓ Correct
CAlways refuse because of insurance complications
DOnly allow it if the buyer deposits the full purchase price
Explanation
Pre-closing possession is risky for the seller. If granted, a formal agreement should specify rent, responsibilities for damage, insurance, and what happens if the sale doesn't close — protecting the seller's interests.
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