Transcription of BUYER’S OCCUPANCY PRIOR TO CLOSING ADDENDUM
1 BUYER S OCCUPANCY PRIOR TO CLOSING ADDENDUM TO PURCHASE AND SALE AGREEMENT DATED_____BETWEEN _____(hereinafter Seller ) AND _____(hereinafter Buyer ) For property located at _____. Permission is hereby granted to Buyer to occupy the above referenced premises under the following conditions: This agreement shall be a part of the above mentioned agreement, which agreement will otherwise remain in full force and effect. The date of OCCUPANCY by the Buyers shall be _____. The Buyers shall make an additional deposit of _____. The Buyers agree to pay for heating and place all utilities including water, electric, gas (if applicable) under their name upon OCCUPANCY . Taxes will be prorated at CLOSING . The Buyers will pay a per diem OCCUPANCY fee of _____, to be paid in advance of OCCUPANCY .
2 Should the sale not be consummated on or before the CLOSING date as set forth in the agreement mentioned above, the Buyer agrees to vacate the property within fifteen days from receipt of written notification by the Sellers. Buyer shall pay Sellers _____ per day for each and every day they fail to vacate the property after the fifteen day period has lapsed. The Buyer s agree to accept the property in as-is condition as of the date of OCCUPANCY , assuming the property is in the condition as represented on _____. The Sellers are under no obligation to make repairs. The Buyers agree to hold the Sellers harmless from any claims or actions which arise as a result of acts of the Buyers, their agents, or anyone else entering the subject property during their OCCUPANCY , and agree to insure the premises for themselves and their personality.
3 This agreement is intended only to give the Buyer the right of possession pending CLOSING and is not intended to establish a landlord and tenant relationship. The Buyer will re responsible for damage other than normal wear and tear to the property. _____ _____ SELLER DATE BUYER DATE _____ _____ SELLER DATE BUYER DATE
