A Beginner’s Guide to Rent-Back Agreements
If you’re looking to sell a home but aren’t quite ready to move out, then a rent-back agreement could be just what you’re looking for. With a rent-back agreement, the sellers are provided additional time to live in the home, even after the sale has closed. Basically, this agreement makes the seller the new owner’s temporary tenant. An agreement like this doesn’t usually last very long — there will typically be a time limit placed on it, at the onset. Still, it gives the seller more time to pack up their belongings and move into their new home. Looking to learn more about rent-back agreements and when to create them? Contact us for support.