Use and Occupancy Agreements in New Jersey Real Estate Contracts
Автор: Earl P. White
Загружено: 2025-04-30
Просмотров: 375
Are you a buyer, seller, realtor, or attorney involved in a New Jersey real estate transaction? Then you NEED to understand Use and Occupancy Agreements.
In this video, NJ Real Estate Attorney Earl White explains:
✅ What a Use and Occupancy Agreement is
✅ When they’re commonly used (seller needs more time, rate lock issues, double closings)
✅ Key terms to negotiate and draft:
• Duration
• Security deposit
• Per diem payments
• Access and key rights
• Damage responsibility
• Penalties for overstaying
These agreements protect both parties and ensure a smooth transition during and after closing. Whether you're helping a client or managing your own deal, this breakdown will give you the legal edge you need.
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💬 Got questions? Drop them in the comments!
📞 For legal assistance: https://www.earlwhite.law/practices/p...
📧 Email: [email protected]
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