Contracts
In Texas, the TREC Promulgated Addendum 'Seller's Temporary Residential Lease' allows:
AThe buyer to occupy the property before closing
BThe seller to remain in the property after closing for a short period as a tenant✓ Correct
CThe title company to use the property as office space
DBoth parties to occupy simultaneously
Explanation
The Seller's Temporary Residential Lease (leaseback) allows the seller to remain in the property after closing as a tenant for a limited period. This is used when the seller needs extra time to move after closing.
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