That can create more problems than it solves since you would then have to deal with any landlord-tenant laws. The seller wants some extra time after closing to stay in the house. What happens when real estate taxes are still in the seller’s name years after closing? Mr. Abramson said that among the common reasons that a seller needs to stay in a house after the closing is that he needs the proceeds from … The taxes are still in my name. The last thing you want is a landlord-tenant relationship. We replaced the roof right after moving in about 7 years ago. Some sellers provide occupancy at closing. Closing goes through. Others need time to facilitate their own move and may request several days, a month or even longer. A post-closing possession agreement allows a seller to remain in the apartment beyond the closing date. We did NOT have any issues with leaks prior to selling the home. If you notice the sellers haven't moved, you and your attorney should reschedule the closing until after seller has vacated the property. One way to determine whether the sellers are still in the home the day of closing is to schedule a walk-through. The sale closes, and your family moves into the home. Do they have a case? I want to tell everyone a little story about Occupancy After Closing and why it is so important from a buyer's position to have a written document. The seller does not disclose that there any major defects with the home. Not to long ago, I represented a buyer who purchased a home in Hendersonville, Tennessee located in … If a seller wants to stay in the home after closing, the buyer and seller should have a written agreement setting out the expectations for that post-closing possession between the parties. Imagine that, after saving money for many years, you finally buy a home for you and your family. There is no set rule as to when occupancy must be granted. We recently sold our house in October 2014 and the buyers experienced a roof leak about a month after closing. When these situations arise, some of the purchase price (often a daily fee) is … Three years later I found out that the taxes on the home have not been paid during those years. The amount of time a seller will have to occupy the property after closing is negotiable between the parties. Seller Occupancy After Closing . The seller is buying another house but may have trouble closing on their new place, and they have a bunch of college & post college kids who are also staying in the house. This seems like trouble waiting to happen. Buyers and sellers generally agree to this when the seller is not ready to move—a more frequent occurrence these days. We think the buyers may try to sue us to replace their roof. It appears the new owners never put the home in their names. You perform your due diligence and negotiate a price, then finally sign the sales contract with the seller. 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