Contracts
A Washington purchase agreement specifies that the buyer will receive possession at closing. The seller requests to remain in the property for 30 days after closing under a 'seller rent-back agreement.' This arrangement:
AAutomatically terminates the purchase agreement
BMust be documented in a written post-closing occupancy agreement with rent terms and security deposit✓ Correct
CIs never allowed in Washington residential transactions
DRequires DOL approval
Explanation
Seller rent-back (post-closing occupancy) agreements are used when the seller needs time after closing to relocate. They must be documented in writing with clear rent terms, security deposit, and move-out date to protect both parties.
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