POST CLOSING OCCUPANCY AGREEMENT (Daily Rent Required

POST CLOSING OCCUPANCY AGREEMENT

(Daily Rent Required)

WHEREAS, ____________________________________________(“PURCHASER”)

and _____________________________________________ (“SELLER”) have entered into a

contract for the purchase and sale of property at

______________________________________(the “Property”), which contract is dated

____________________, 20_______; and

WHEREAS, SELLER desires to occupy the Property after closing and disbursement, and

PURCHASER is willing to allow SELLER to occupancy in accordance with and subject to the

terms and conditions herein set forth:

SELLER shall occupy the Property until _______________, 20____ , and

agrees to pay PURCHASER _____________ and ______/100 Dollars

($_____________._____) as rental per day from ________________, 20____

until _________________, 20___) (_______ days) at the latest. A credit of

$___________.00 shall be given to the purchaser at time of closing for said

rent. IN THE EVENT SELLER DOES NOT VACATE THE PROPERTY BY

______________________________, 20_____, SELLER SHALL PAY AN

INCREASED RENTAL FEE OF $_______.00 PER DAY.

1. SELLER shall be responsible for payment of all utilities and for insurance on

contents until the date SELLER vacates the property. The PURCHASER agrees to

maintain liability insurance on the Premises. SELLER agrees to indemnify and hold

harmless PURCHASER and any lender holding a Deed of Trust on the property as

collateral from any claims or actions which arise as a result of the SELLER’S

occupancy.

2. SELLER agrees to reimburse PURCHASER for any and all damage or destruction

to the property caused by SELLER, within ten (10) days of PURCHASER notifying

SELLER of said damage and/or destruction.

1. SELLER agrees to reimburse PURCHASER for any and all costs of collection of

the terms herein, including but not limited to reasonable attorney’s fees, court costs,

collection costs, and travel expenses.

DATED this ___________th day of ________________, 20______.

SELLER(S): PURCHASER(S):

_____________________________ __________________________