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real estate damage
What is a post occupancy closing agreement? A post occupancy agreement is a written agreement that allows a seller to remain in the property post-closing for a specified period of time. The agreement can set forth how utilities are being paid, how real estate taxes are being calculated, and insurance requirements between the parties, among...
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In Part I of this series, we discussed property damage before being under contract to purchase or sell a home. That post is linked here and includes important legal considerations such as what a seller is required to disclose on the Real Estate Condition Report (RECR) and issues that may arise. In Part II of...
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What happens when there is damage to a home before acceptance of an offer to purchase? What happens when there is damage to a home after acceptance of an offer to purchase? These two questions will be discussed in this two part series, where we will explore what a seller’s duties are, what a buyer’s...
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