How does an agreement to sell with possession work?

In the present case, an immovable property is transferred on payment of part of the consideration and handing over the possession of the property.

When do I have possession of the property?

Possession of the Property, subject to the Leases, Property Contracts, other than Terminated Contracts, and Permitted Exceptions, shall be delivered to Purchaser at the Closing upon release from escrow of all items to be delivered by Purchaser pursuant to Section 5.3.

What are the clauses in the possession sample clause?

Possession Sample Clauses. Possession. Possession of the Property, subject to the Leases, Property Contracts, other than Terminated Contracts, and Permitted Exceptions, shall be delivered to Purchaser at the Closing upon release from escrow of all items to be delivered by Purchaser pursuant to Section 5.3.

Who is in possession of the contract file?

The complete Contract File for each Contract currently is in the possession of the Servicer or its custodian. Possession. Seller shall deliver possession of the Property to Purchaser at the Closing subject only to the Permitted Exceptions. Possession.

What is a post possession agreement in real estate?

It is an agreement between the buyer and seller where the seller remains in the property after closing, and title has passed to the buyer. Stated generally, the post-possession agreement does not carry the same risks as a pre-possession agreement.

Can a pre possession agreement be put in writing?

As with the pre-possession scenario, the agreement should be put in writing, and can be a standard residential lease with due attention to the provisions of the Arizona Residential Landlord Tenant Act (“ARLTA”), A.R.S. §§ 33-1301 et seq., which applies broadly to all residential leases.