Rent‑Back (Use & Occupancy) — Template & Checklist
If seller needs to stay after closing, use a short addendum to outline terms.
Template (run by your attorney)
- Use & Occupancy from closing to [date/time] at $[amount]/day.
- Deposit $[amount] held by escrowee; refundable if property returned in substantially same condition.
- Seller maintains utilities/insurance until surrender.
- Keys/garage remotes transferred at [handoff time].
Checklist
- Exact move‑out date/time
- Daily rate & deposit
- Damage/cleaning expectations
- Access for buyer (walk‑through)