Let's say the closing date is Feb 22. How long can the seller stay in the house? After closing, if they choose to stay for a period of time, am I considered the landlord?
2006-12-28 17:47:44 · 6 answers · asked by joupedamom 1 in Business & Finance ➔ Renting & Real Estate
It depends on the sales contract, it could be at closing or a specific date could be set if both parties agree.
2006-12-28 17:51:38 · answer #1 · answered by Chris P 3 · 5⤊ 0⤋
Once the house closes it is not yours u should be out by the closing date, unless the new buyers r giving u time, but y would they now they own the house and the note u move period.
2006-12-28 17:51:36 · answer #2 · answered by bodacious baby 7 · 1⤊ 0⤋
they need to be out before you go to the settlement table. Do a walk through the day before, and see if they're out and that the house is clean and in order and that everything in contract left to you is still there.
Let borrowers know when you expect them out so they can tell you NOW if they need any time. If they do, you write up an agreement that spells out how much you are charging them in rent per day ("rent back agreement") and the date they must be out.
2006-12-29 07:24:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
feb 22 - that's the closing date....or before that is even better. if they still stay in the house after that, be prepared to pay for whatever damages they might charge against you - like falling in the bath, tripping on the stairs, getting stomack flu due to the tap water, etc. remember, you're the owner now and is liable for everything that happens in that house.
good luck!
2006-12-28 18:00:41 · answer #4 · answered by mitzbitz 2 · 1⤊ 0⤋
I am anxious to see answers you get...
I sold my house on my own back in the fall and the buyer told me that he would not run me out since I had been there for several years. He said that he would give me plenty of time to find a new place....like a fool, I took his word on it. I told him it would be in two weeks, then there was a new delay at new place and I needed one week longer...he decides he wants to charge me $150. He was a jerk.
2006-12-28 17:59:16 · answer #5 · answered by Edisto 3 · 0⤊ 0⤋
you bought the property with an accepted [more than likely published]settlement date.
it is on this date the vendors must be out of the property. it is now yours. if they are not out then, then you can charge them.
2006-12-28 17:55:39 · answer #6 · answered by dirtyoldman 4 · 1⤊ 0⤋