Contracts
The TREC 'Buyer's Temporary Residential Lease' (also called a pre-closing occupancy agreement) allows the buyer to:
AMove in after the option period expires
BOccupy the property before closing, typically for a short defined period✓ Correct
CRent the property from the seller at market rate indefinitely
DMake structural improvements before closing
Explanation
The Buyer's Temporary Residential Lease allows the buyer to occupy the property before the closing date for a defined short period. This is used when the buyer needs to move in early. The buyer pays a per-day occupancy fee and is treated as a tenant.
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