Home Buyers, let’s get straight to the point about post-occupancy agreements, or what some call rent backs. If you’re in the process of buying a home, it’s not uncommon for sellers to request a rent back after closing. This arrangement allows them to stay in the home for a short period after the sale is finalized, which can be crucial if they need extra time to move into a new home or relocate.

Here's the scoop: a post-occupancy agreement is a standard part of real estate transactions and not something to stress over. The title company will hold a security deposit from the seller to cover any potential damages while they’re renting back the property. You’ll set the rent terms, which could be free if you’re in a competitive market or a negotiated amount based on your monthly mortgage.

If a seller requests a rent back, don’t panic—it’s completely normal. Just make sure you understand the terms and how it fits into your deal. Drop any questions you have in the comments below!