Although the seller remains the owner of the house during pre-occupancy by the buyer, the seller is no longer the occupant of the house and the seller`s policy cannot cover the property for the duration of the buyer`s deposit. A call to the seller`s insurance agent can resolve the issue. A fixed occupancy rate per day, plus a deposit paid at closing; How long does the occupation last and what is the deposit and the amount of deposit that the owner of the establishment receives? Obviously, the larger the deposit, the more secure the arrangement will be for the homeowner. Consider the different ways in which a buyer/tenant may break the pre-billing contract: What happens, for example, if the buyer/tenant does not settle in on time? Can the buyer/tenant extend the billing date? Can the seller terminate the sales contract, cancel the deposit and distribute the buyer/tenant? They should then make any changes to this agreement that are necessary to protect their interests, if possible in consultation with a lawyer. They should also contact their insurance agent to discuss rental brake insurance coverage. In most cases, a final passage through the house is made before the beginning of the seller`s occupation. This allows both parties to see the condition of the house, and it protects the buyer from the damage that the seller can cause during restocking. It is important to closely respect the deadlines set out in the post-settlement contract for the loss period. When they do not assert written rights to the seller and agent within the prescribed time frame, this is often a waiver of the law.
Finally, make sure that all appropriate parties, both the buyer and the seller, sign the occupancy agreement. If the buyer occupies the property prior to colonization, the diseditled verification of the property is carried out if the buyer occupies the property or at the time of colonization? If the seller remains in the property, the buyer should have the opportunity to check the property both before the count and at the time the occupation is completed after the seller`s count. During the occupation, the seller pays a deposit and a daily allowance to the buyer, both agreed in advance and included in the post-billing contract.