Post-Closing Occupancy Agreement Template

This Post-Closing Occupancy Agreement is made on [Date] by and between:

Buyer: [Full Name]
Address: [Address]

Seller / Occupant: [Full Name]
Address: [Address]

This Agreement relates to the following property:

Property Address: [Property Address]

1. Background

The parties closed or will close the sale of the property on:

[Closing Date]

After closing, the Seller will remain in possession of the property for a limited period under the terms of this Agreement.

2. Occupancy Period

The post-closing occupancy period shall begin on:

[Start Date]

The Seller must fully vacate and surrender possession of the property no later than:

[End Date and Time]

3. Occupancy Fee

The Seller shall pay the Buyer for post-closing occupancy as follows:

☐ no occupancy fee
☐ daily fee of [$Amount] per day
☐ total fee of [$Amount]
☐ other: [Describe]

Payment terms:

[Insert payment date and method]

4. Security Deposit

The Seller shall provide a security deposit in the amount of:

[$Amount]

The deposit shall be used, if needed, for unpaid occupancy fees, damage beyond ordinary wear and tear, cleaning, removal of remaining items, or other amounts allowed by this Agreement.

Any remaining deposit balance shall be returned within [Number] days after the Seller vacates, less any proper deductions.

5. Property Condition and Care

During the occupancy period, the Seller shall:

keep the property in reasonably clean condition;
avoid waste, damage, or misuse;
maintain the property in substantially the same condition as of closing, ordinary wear and tear excepted;
promptly notify the Buyer of any material damage or issue.

The Seller may not make alterations or improvements without the Buyer’s written consent.

6. Utilities and Services

Utilities and services during the occupancy period shall be handled as follows:

☐ Seller pays all utilities directly
☐ Buyer pays utilities
☐ utilities shall be handled as follows: [Describe]

Covered services may include:

[electricity]
[water]
[gas]
[internet]
[trash]
[other services]

7. Insurance and Risk

After closing, ownership of the property shall be in the Buyer.

The Seller is responsible for personal property kept at the premises during the occupancy period.

Insurance responsibilities shall be handled as follows:

☐ Buyer maintains homeowner coverage
☐ Seller maintains personal property or renter-style coverage, if desired
☐ other: [Describe]

8. Access and Entry

The Buyer may enter the property during the occupancy period:

☐ with reasonable notice
☐ immediately in an emergency
☐ for inspection before final move-out
☐ as otherwise agreed: [Describe]

9. Move-Out and Surrender

At the end of the occupancy period, the Seller shall:

vacate the property;
remove personal belongings;
return keys, remotes, codes, and access devices;
leave the property in reasonably clean condition;
repair or pay for damage caused during the occupancy period, if applicable.

10. Holdover

If the Seller remains in possession after the agreed move-out date without written approval, the following shall apply:

☐ holdover fee of [$Amount] per day
☐ Buyer may pursue possession and other remedies allowed by the purchase agreement or applicable law
☐ other: [Describe]

Any holdover does not create a long-term tenancy unless the parties agree otherwise in writing.

11. No Landlord-Tenant Relationship

This Agreement is intended to govern short-term post-closing occupancy only.

Unless required by law, the parties do not intend to create a traditional landlord-tenant relationship beyond the limited occupancy terms stated in this Agreement.

12. Entire Agreement

This Agreement contains the full understanding of the parties regarding post-closing occupancy of the property and replaces prior discussions on that subject unless otherwise stated in writing.

13. Signatures

Buyer Signature: __________________________
Name: [Full Name]
Date: [Date]

Seller Signature: __________________________
Name: [Full Name]
Date: [Date]

Additional Signature, if needed: __________________________
Name: [Full Name]
Date: [Date]