What you need to know about the seller’s temporary residential lease.
Today’s topic is the seller’s temporary residential lease. How is this addendum handled in a home sale? I’ll discuss both the seller and buyer sides. In our current market, this form is being used a great deal.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
0:26—How this addendum benefits sellers
1:45—Why would a buyer use one of these?
2:14—Important nuances of the lease you need to understand
4:58—How the security deposit works
6:08—What buyers need to be cognizant of when using it
7:06—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.