MOVE IN BEFORE CLOSE
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Answer: The purchase and sale contract should be definite about when possession of the premises is to be delivered to the buyer. In most cases, it will be concurrent with the closing. However, the contract can make provisions for such handling. Normally there would be a specific date by which, in any event, the seller must deliver possession, and there can be arrangements expressed in the contract whereby the buyer pays rent to the seller for the time he occupies the premises prior to the title being transferred. Consult your attorney. |
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