We bought this house and just before closing, we received the call that the owner would need 2 weeks after closing. His nephews moved them and needed extra time. We agreed and did not ask for a lease or lease. Turns out it was good. To continue to protect – and comply with local rent control laws or other national laws that govern landlords and tenants – buyers and sellers should consider signing a standard short-term rental agreement for residential real estate. Talk to a real estate lawyer for more information. Market forces can also influence the way parties process property data. For example: And no criticism of your native language or knowledge of English. I hope that was clear. As suggested above, I would definitely do much worse in any other language. The problem is to get someone to understand the situation you are in, what your options are and what the risks are so that you can make an informed decision.
Your agent should do so even if his commission is paid by the seller. I am particularly concerned about the suggestion not to include the addendum in the documents you send to your lender. That`s not fine. This hides a significant risk to the lender and to you, and it can be a scam — even if it is not intended to mislead the lender. It also raises insurance issues and more — even beyond the risk that the seller won`t leave if he`s supposed to, or they`ll devastate the place and make it worse than what you bought. It`s not as simple as your agent might have made you think. It`s fine. It can go wrong. It can go very badly.
But there should be a very real reason not to delay the closure by 15 days, and then to take possession — and you need to know why, accept it, know the risks, let your lender and your insurance company know the risk and their concerns and yours when you close before possession. In general, I consider the risks associated with return to be less than the risks and costs associated with the loss of a sale after verification and valuation. This is not always true, they could do some significant damage that is not covered by your insurance, and then you should sue to recover. If you are willing to allow them to stay 15 days after closing, tell your broker that you want to be in legal protection so that they stay longer than the 15 days. A good way to do this is a lease with penalties.