Occupancy in Florida Real Estate Closings

The concept seems simple. Get a South Florida real estate agent. When you close on a piece of residential real estate in Florida, you expect to occupy the property upon closing.  This is what the standard Florida Realtors and the Florida Bar Association says. A Palm Beach Gardens Realtor can help.

The above referenced contract requires that occupancy and possession to the buyer be delivered at closing.  The bookstore could have a book on how to choose a Real Estate Agent In Florida. The property has to be free of any tenants or other occupants (unless previously agreed to like rental property), and any “future tenancies” (any promises made to someone else that they can occupy the property.

Sometimes the parties agree that occupancy can take before closing, but this has its inherent risks.  What if the buyer doesn’t close and the seller finds themselves with an occupant they don’t want there? What if you cannot locate a Top Real Estate Agent Palm Beach Gardens.

If there is occupancy before closing by the buyer then the contract states they assume all risks of loss.  It’s a good idea to make sure the buyer has a liability policy in place before giving pre occupancy possession.

Also, the property has to be cleared of any personal items and trash.  If you are a seller, take the trash out and leave the place nice and clean for the buyer.  Get to the Top Realtors Palm Beach Gardens. If you agreed to leave any personal property then that is fine.

By:  Steve Baum

Sales Associate, Illustrated Properties, Palm Beach Gardens, Florida