Contracts
A 'leaseback' arrangement in a residential sale allows the seller to:
ALease the property back from the buyer after selling, temporarily remaining in possession✓ Correct
BTake back the mortgage from the buyer
CLease the property to a tenant before closing
DReclaim the property if the buyer defaults
Explanation
A leaseback (sale-leaseback) arrangement allows the seller to continue occupying the property after selling by leasing it back from the new owner. This is useful when the seller needs more time to vacate or find a new home after closing.
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