Contracts
A Washington buyer wants to include a clause in their offer saying the seller must move out within 2 days of closing. The seller counters to allow 7 days post-possession. The parties agree to 5 days post-possession. Under the contract, after closing, the seller's occupancy is governed by:
AStandard lease law because the seller becomes a tenant
BThe post-possession agreement terms, and a separate rent-back agreement should specify the terms✓ Correct
CWashington's eviction law immediately upon closing
DNo specific rules — sellers may stay as long as needed
Explanation
Post-possession agreements (seller rent-backs) should be documented in a separate written agreement specifying the duration, daily occupancy rate, conditions, and remedies. The seller becomes a licensee or tenant of the new owner and the terms must be clearly spelled out.
Related Washington Contracts Questions
- In Washington, a purchase and sale agreement that is signed by an agent 'for and on behalf of' the principal without written authorization is:
- Under Washington law, a real estate sales contract where the buyer makes payments directly to the seller over time, and the seller retains legal title until the contract is paid off, is called:
- A Washington purchase and sale agreement requires the seller to provide a home warranty. The seller fails to purchase the warranty before closing. This is:
- Under Washington contract law, novation in a real estate context means:
- Under Washington law, an option to purchase real estate is most accurately described as:
- A Washington purchase agreement included an environmental contingency allowing the buyer 15 days to review an environmental report. On day 14, the buyer receives a Phase I ESA showing a recognized environmental condition. The buyer may:
- A Washington buyer receives the seller's signed acceptance by email at 3:00 PM. The acceptance was emailed by the seller's agent at 2:00 PM. When was the contract formed?
- Under Washington contract law, a 'void' contract differs from a 'voidable' contract in that a void contract:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →