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Occupation After Closing By Seller

(From time to time a seller may need to wait a brief period of time after the closing to move to their new home. This agreement provides an enforceable mechanism for the new owner to remove the seller if the old owner does not leave on time.)

OCCUPANCY AGREEMENT

Date: __________________

_____________________, referred to as the SELLER, and _____________________, referred to as the BUYER, agree: the parties have entered into a purchase and sale agreement, and WHEREAS:

Final settlement and closing took place on [Date], and SELLER desires to occupy the premises from the day of passing of title through [Date].

As rental, SELLER shall pay $ (dollars) per day, with a minimum payment of 14 days.

The pro-rata utility service bills for the period of occupancy shall be paid by SELLER.

SELLER shall vacate the premises by [Date], which duty shall be specifically enforceable. SELLER shall give immediate notice of the date when they vacate once the same is known or reasonably estimable.

SELLER shall leave the premises in the same condition as at closing, ordinary wear and tear excepted.

It is specifically agreed that there is no tenancy created between the Buyers and Sellers, but we, the Sellers, are occupying the said premises on the sufferance of the Buyers.

In the event that any legal action is required to enforce the rights provided for herein, SELLER shall pay all reasonable attorneys fees and costs incurred by SELLER.

This agreement may not be modified unless the modification is in writing and executed by the parties hereto.

____________________ Seller

_____________________ Buyer