Short-term leaseback agreement allowing a seller to remain in the property for a defined period after closing, paying a daily occupancy rate to the buyer/new owner, with security deposit and condition requirements.
The Possession After Closing (Seller Leaseback) is a ready-to-use real estate template you can send for signature in minutes. It is written for 2 signers (buyer and seller) and, by default, expires 30 days after it is sent if left unsigned. It covers two signers, agreement, leaseback, seller possession, real estate. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Possession After Closing (Seller Leaseback) **Date:** ___________ This Possession After Closing Agreement ("Agreement") is entered into by and between: **Buyer / New Owner:** ___________, whose address is ___________ ("Buyer") **Seller / Occupant:** ___________, whose address is ___________ ("Seller") ## 1. Property **Property Address:** ___________ **Legal Description:** ___________ **Closing Date:** ___________ ## 2. Leaseback Period Buyer hereby grants Seller a license to continue in possession of the Property from the Closing Date through ___________ (the "Leaseback Period"), unless earlier terminated in accordance with this Agreement. Seller shall vacate and surrender the Property in broom-clean condition, with all of Seller's personal property removed, by 5:00 PM on the last day of the Leaseback Period. This Agreement creates a license to occupy, not a landlord-tenant relationship. Seller does not retain any ownership, leasehold, or equitable interest in the Property after the Closing Date. **Total Leaseback Duration:** ___________ ## 3. Daily Occupancy Fee **Daily Rate:** ___________ per calendar day **Occupancy Fee Calculation:** The total occupancy fee shall be calculated from the Closing Date through the date Seller actually vacates the Property, using the daily rate above. **Fee Payment:** The total estimated occupancy fee shall be: ___________ **Holdback / Security Amount:** ___________, to be held by ___________ pending Seller's timely vacating and return of the Property in good condition. **Security Deposit (separate from holdback):** ___________, to cover any damage beyond normal wear and tear, to be returned within ___________ after Seller vacates if no damage is documented.