TREC temporary lease agreements & features

Question 1

What are the two forms of temporary lease agreements?

Answer 1

1. ) Buyer’s temporary lease

2. ) Seller’s temporary lease

Question 2

What is a buyer’s temporary residential lease?

Answer 2

This is used when the buyer occupies the property for NO more than 90 days PRIOR to closing.

Question 3

What is a seller’s temporary residential lease?

Answer 3

This is used when the seller occupies the property for NO more than 90 days AFTER closing.