You need to be as specific as possible when spelling out your terms and expectations, and that can be tricky. Though the agreement shares similar qualities as a lease, the two are not the same. This amount covers damages that may be caused by the seller during the occupancy period. The agreement can be completely available in written form or in oral form. Usually, agreements will contain language that sellers need to carry their own liability insurance coverage until they vacate the premises to ensure they do not expose themselves or the buyer to severe personal liability by not carrying insurance during the post-closing period. However, youll want to carefully consider the unique circumstances of your situation before deciding if a rent-back is a good idea for you. Youll lose your security deposit if damage occurs to the property while you live there during the rent-back period. The technical storage or access that is used exclusively for statistical purposes. A rent-back agreement can help a buyer sweeten the deal for a seller, but its important not to overlook other key considerations like demonstrating strong financial backing. The agreement contains the length of period the house remains in seller occupancy after closing and the ramifications if the seller doesnt vacate the premises after the occupancy period expires. POST CLOSING OCCUPANCY AGREEMENT (Daily Rent Required) WHEREAS, _____("PURCHASER") and _____ ("SELLER") have entered into a . For real estate advice, consult your REALTOR. Keep in mind that in case of anything, you can be sued since youre now the owner. Final walk-throughs are usually done before a buyersettles into the property for them to see its initial condition. How can it be inspected (walk through) if the Seller has not vacated the Property? The person who has signed the occupancy agreement and who lives in the house is called occupant and the person who owns the house where the occupant lives is called grantor. Instead, you may be able to enter into a rent-back agreement with the buyer of your house, allowing you to pay rent to stay in your sold home while you prepare to move. Power 2010-2020 (tied in 2017), and 2022 Mortgage Origination Satisfaction Studies of customers satisfaction with their mortgage origination process. Establishing good communication and relationship with the owner helps with smoother transactions. Temporary hotel stays? endobj Working with a Partner Agent can not only take the guesswork out of the process but also reveal cost savings upfront. how about a security deposit for any damage? Choose My Signature. % The advanced tools of the editor will guide you through the editable PDF template. Occupancy agreements provide the full protection to the people who do not have any tenancy agreement however; these agreements cannot be applied to all types of accommodations. The SIP form addresses similar provisions to the regular rent-back agreement, such as the monthly rental rate, the security deposit, agreement length, and the utility and home maintenance responsibilities. The POE team should develop the POE schedule in consultation with the facility owner. <> Whether youre the home seller or home buyer, a use and occupancy agreement should provide something positive to both sides. If need be, itll also cater for attorney fees to evict the seller when they default on the vacation date. A seller calls a buyer an occupant in an occupancy agreement. The use and occupancy agreement often referred to as the "U&O," is an agreement between a buyer and seller, where one of them is permitted to occupy the property for a set period. The arrangement means that the seller is now renting back the home from the new owner. A rent-back agreement can give you extra time to let that learning continue. Copyright 2016 - 2023 Mashvisor. We can generate a myriad of legal documents for you, including: Each document you choose to create with us will be tailored to your specific needs and particular state requirements. Is A Real Estate Rent-Back Agreement A Good Idea? You can get your business, real estate, and another type of agreement in minutes if you: We will create a personalized document that you can download or print straight away! Contents of the Post Occupancy Agreement. <> We make solar possible. 11. He will have to wait till the agreement ends. The rent-back agreement also includes the security deposit amount and additional insurance coverage or fees. Here is download link for this Sample Occupancy AgreementTemplate. While such occurrences can be frustrating to all the parties involved, they happen from time to time.. Lets learn more about real estate rent-back agreements and dive into the details of how they work. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements. Which is Better? Visit jdpower.com/awards for more information. If it gets to a point where the parties have to pursue a lawsuit, you want to be sure that you dont end up at a Landlord-Tenant court. Learn how to tell if you should buy or rent when relocating. Sample ng husba _____ gat [Address] (hereinaft [Address] (hereinaf _____. Here, its hard to determine who is at fault, which may leave one party feeling they were treated unfairly. Contact a Home Loan Expert to. For example, you may need as little as $1,500 if the period is just a few days and up to $10,000 if the seller will have to stay for a longer period.. Additional Terms - The Buyer and Seller further agree as follows (if applicable): 10. Including all these provisions allow the buyer to have a clear understanding of the terms within the agreement. Enforcement of Seller's and Buyer's Post-Closing Nuptials Often, a title company may provide a basic fill-in-the-blank form for a post-occupancy agreement. Legal Templates.net Review: Is It Legit? can also enjoy some benefits with a rent-back agreement. Check out a few examples of when a rent-back agreement might occur: Example 1: You're building a new home and your contractor announces they can't get enough workers to finish your home's construction on time. The amount may be negotiated but should be included with the carrying costs. Buyers end up collecting rent, putting together a lease, collecting a security deposit and possibly even evicting a tenant, if necessary all part of being a. The agreement should cover the amount of the security deposit and whether the security deposit will be held in. The Rocket Mortgage Learning Center is dedicated to bringing you articles on home buying, loan types, mortgage basics and refinancing. With that being said, it must be well-structured, and the preparation must be overseen by a real estate agent or a real estate attorney to ensure that all parties are fairly represented and have sufficient insight. A rent-back agreement has some potential drawbacks for both buyers and sellers. All rights reserved, Get started with a free trial to access industry-leading real estate investment An occupancy agreement is needed to be signed when a person moves to a new home. Permitted occupiers are individuals that can be the tenants partner, child, or an older relative that stays either for a while or prolonged durations. In terms of approval, a landlord can accept or deny occupant status. U. POST-CLOSING OCCUPANCY BY SELLER This Contract is contingent upon Buyer and Seller within _____ (if left blank, then 10) days prior to Closing Date delivering to each other a mutually acceptable written lease prepared at (CHECK ONE): Seller's expense Buyer's expense, split equally by the Buyer and Seller (if not checked, then split equally . It's not an actual purchase, so the owner retains ownership of the home during the agreement. Missing this point could have severe legal ramifications. Learn everything you need from an expert Clever Partner Agent. Its in each partys best interest to partner with a real estate agent that has experience in drafting and executing use and occupancy agreements, and what buyers and sellers can do if one side doesnt uphold their end of the contract. Here is preview of This First Sample Occupancy AgreementTemplate in MS Word format. It is essential to have a convenient location for the purpose you need through legal acquisition processes. possibility that tenants can get evicted: Renters, including recent sellers living in a home under a rent-back agreement, dont always move out when they should or pay rent when its due. In these situations, prospective sellers may not have to immediately vacate their homes but instead can be allowed to remain on the property as a tenant. Post occupancy agreements can be the solution to this problem. E' 9- `CzBQNUrPVXbSnMqUl'PjV].v3rbNe7o[-B&:[VTy'u )H4MJ These agreements spell out the terms and conditions of the seller's stay in your new home and they protect buyers as well as sellers. It is the most useful step in creating an occupancy agreement. On one level, it's an integral part of many real estate transactions, especially with today's fast . Key Elements of the Post-Closing Occupancy Agreement. The risks of rent-back agreements for sellers largely center around being tenants in their own home. The process of selling an old home and moving into a new one is rarely clean-cut. Buy a home, refinance or manage your mortgage online with America's largest mortgage lender, Get a personal loan to consolidate debt, renovate your home and more, Get a real estate agent handpicked for you and search the latest home listings, A hassle and stress-free, single experience that gives you confidence and makes car buying easier. Having a wide selection of properties and homes puts the buyer in a more advantageous position. If the deal falls through (e.g. Create your signature and click Ok. Press Done. Do you want to search and find real estate investment property faster and more straightforward than before? 5) Buyers warrant and represent that they have inspected premises and appliances . What Is Better Than FormSwift? If you dont want to rely on iffy online templates or waste time and nerves writing the contract from scratch, subscribe to DoNotPay! Generally considered the end of the sub tropical zone, the Gulf Steam waters temper our climate for warm winters making for an amazing life style filled with boats, beaches, golf & convenience just 15 minutes from the Palm Beach Airport. Whoever is occupying the home arent considered tenants, which means they wont be granted tenants rights. Consequences for breaching the agreement (for example, the landlord refusing to leave the premises after the agreed occupancy period): Paying a double or a triple rate of the original amount for every additional day, Real-estate agent holding the deposit for the seller, Get a refund for a faulty product or late delivery, Creating a professional legal document in under two minutes, including. Bear in mind that creating this legal document without legal supervision is risky. Many S. Fla. homeowners didnt have flood insurance, but does their homeowners insurance cover mold? }g?x~''}~~|{~|[V?&|#vxg#Trf rSaA?rS5lKq7&rI\ t#bE}ADB'P)n N\,tTvhC#=!J`Bnb3B-5Q"1TPrS0H 1( 5PhbR _ Qp)bJ Ye7fj% F][ cu6B kX The occupancy agreement caters to buyers wanting to move into the property before transferring ownership from the seller to the new . A rent-back agreement is a rental or lease agreement between the home buyer and seller that allows the seller to take out their home equity and continue to live in the house after the closing date in exchange for rental payments. Based on the information you have provided, you are eligible to continue your home loan process online with Rocket Mortgage. If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. Does the association allow leases? He values delivering powerful content that provides the utmost value to audiences. Up next are a few risks to consider before entering into a rent-back agreement. POST-CLOSING OCCUPANCY AGREEMENT Page 2 of 2 11. Dont be afraid to ask for help when you need it. Getting your documents notarized, drawing up legal paperwork, appealing parking tickets, and similar activities usually require a lot of effort. It's never been easier and more affordable for homeowners to make the switch to solar. Often referred to as rent-back, the agreement gives the seller more time to sort out their new living arrangements. Once the terms and conditions have been decided, both parties are bound to follow them. However, anything longer than 60 days could violate loan documentation stating that the property will be owner-occupied by a certain date. There are main types of agreements in ACT which are tenancies and occupies. Follow the step-by-step instructions below to design your post occupancy agreement pdf: Select the document you want to sign and click Upload. Post-Closing Possession Agreement CAUTION: THIS AGREEMENT MAY CREATE IMPORTANT CHANGES IN THE SELLER-PURCHASER CONTRACT RELATIONSHIP. DoNotPay offers various useful products that can help you deal with administrative problems quickly and save a lot of time. The temporary occupancy agreement offers them assurance to continue living in their home before they can move out. 33-1301 et seq., which applies broadly to all residential leases. In terms of business objectives, knowing that the size will provide enough office space and the rent prices are reasonable is enough to start making arrangements. Having a lawyer write every contract for you can cost a small fortune. This is why I call him the Miracle Maker. ". The post-closing occupancy agreement should stipulate that the property should be delivered to the buyer in the same condition as in the sale contract. Is It Safe to Use? What do you need to know use and occupancy agreements? It might help make the. Are you ready to sell your home or purchase a home? Both parties can then sign the agreement, which should include the monthly rental rate, security deposit, length of the agreement, insurance coverage, and utility and home maintenance responsibilities. To keep a transaction together when issues arise, the seller may consider offering a use and occupancy agreement that will benefit both parties. The contract should address the following points regardless of the reasons why the agreement is needed: Like many other real estate contracts, always have a written agreement that all parties will sign before closing. The idea behind monetary damages is that if the seller fails to vacate by the expiry date, the buyer may suffer other costs, such as storage fees for their belongings, or staying in a hotel. Wear OS by Google and Google Play are trademarks of Google LLC. To avoid moving out of their home a few days before closing, the seller may ask to remain in their old house until the purchase is completed, Buyer wants to close the sale before the seller is ready to avoid losing a good interest rate from the buyers lender, Seller is renovating their new home and needs to stay in the old one until the renovations are done, Buyer is afraid of losing the chance to buy a home in the desired area and agrees to the sellers post-occupancy demand, Buyer and sellers name and other personal information. Have the agreement reviewed by your attorney before you sign.. this form does not address important issues typically addressed in a residential lease drafted for a long-term occupancy. Connect with Clever for a no-obligation consultation and learn how you can achieve an optimal outcome on your home dreams. We also offer calculators to determine home affordability, home equity, monthly mortgage payments and the benefit of refinancing. All existing personal residential policies renewing on or after July 1, 2023 that include wind coverage and are located in the special flood hazard area as defined by the National Flood Insurance Program (NFIP) are required to have flood insurance. A purchase and sale agreement (PSA) helps ensure a buyer and a seller are both on the same page before closing. These courts are often swamped with lease cases and mostly rule in favor of the tenants (in this case, the seller). On the odd occasion, a buyer will close and verbally agree to allow the seller to stay on [] If they allow it, the board may also require that any expenses incurred during the occupancy period be settled by the seller. xn#q PA~Hr{=HD$JZ|36ap.TUWf We can assist you with: We have helped over 300,000 people with their problems. As it is a legal document, seeking help from experts, including real estate agents and lawyers, will be advantageous when drafting the arrangement. stream The contract should state that if the seller fails to vacate the premises after the occupancy expiry date, they should pay a certain amount for each day they remain with the property. It is reasonable to stick to a maximum term of 30 days, especially if there are several homes in the market. For example, the buyer may ask the seller to close a bit earlier before the seller is ready to move out so that the buyer doesnt lose a good interest rate with their lender., These types of agreements shouldnt be taken lightly. Home Buying - 7-minute read, Victoria Araj - March 30, 2023. Decide on what kind of signature to create. They must evict the buyers and hold them accountable for any damage to the home. I ended up making a profit off of the debt. Y By definition, this is an agreement where the buyer of a property agrees to allow the seller of the property to stay on the property past the settlement date. The Owner shall not be obligated to compensate the A/E for the A/E's performance of the A/E's services . The following disclosure forms are attached but are not a part of this Contract: 769 770 771 772 Sample 1 Post-Closing Occupancy Agreement. Create your signature and click Ok. Press Done. Sometimes the need for a post-closing occupancy agreement may be due to an uncommon instance. As with the pre-possession scenario, the agreement should be put in writing, and can be a standard residential lease with due attention to the provisions of the Arizona Residential Landlord Tenant Act ("ARLTA"), A.R.S. In writing the occupancy agreement, the more specific your terms are, the better. The grantor cannot change any terms and conditions once the agreement has been signed. Being the homeowner, you must choose fair and efficient compensation for you and the buyer for using the property. The agreement must outline the ramifications of this action. The acceptable compromise would be to have an attorney review the agreement after you finish writing or customizing it. Usually, buyers wish to occupy the property right after closing. A rent-back agreement will give you as much time to extend your home search as a buyer is willing to. They may have huge consequences if you dont pay good attention. There are some locations where the occupancy agreement cannot be imposed such as retirement villages, federally funded supported accommodations etc. analytics, For 7 days you can have full access for free to all the features paid users enjoy, The Investors Guide to Post Closing Occupancy Agreement, Airbnb Dynamic Pricing: Double Your Bookings, Halve Your Workload, Manage prices and availability easily with data driven insights and Automation Rules, Escrow in Real Estate Investing: Everything You Need to Know, Start out your 7-day free trial with Mashvisor now, Buying Bank Owned Homes: The Ultimate Guide, Real Estate Investing for Beginners: How to Start a Rental Business, Steps to Buying an Investment Property for Beginners, Do Your Investment Property Search Like a Real Professional, Clever Real Estate Review: How to Find the Best Real Estate Agent, 7-Step Guide to Investing in a Townhouse Complex, 10 Things You Should Know Before Buying a House With Lead Paint, 7 Ways to Avoid Tiny House Regret as a Real Estate Investor, 6 Insider Tips for Finding Investment Properties, A Guide to Selling and Buying Investment Property with the Short Sale Process, US Rental Housing Market News for April 2023, Rental Housing Market Tracker for March 2023. Think of the daily rate as a rent payment or a hotel bill. These are not boiler plate agreements, though, skilled legal acumen is vital to make certain that all parties are protected as there can possibly be huge liability issues if these agreements are not organized and examined properly. If the front door gets damaged, for example, who will pay for it? Thank you Brendan for everything you did for me. It often occurs when the seller experiences a delay in finding or moving into a new home. Whether youre 2 months or 2 days away from your big moving day, use this complete moving checklist so you can be ready. Buyers cant move in upon closing when a rent-back agreement is in place. Here, the two parties would agree to a use and occupancy agreement that would allow the buyer to live in the home for a certain period (i.e. The Bottom Line: A Rent-Back Agreement May Benefit Or Hurt Both Parties In A Home Sale. Kabue Muriithi is an experienced writer with years of experience covering various aspects of the real estate industry. Most times when investors are selling their property, theyre usually looking to buy another one after closing. Home Buying - 5-minute read, Andrew Dehan - February 22, 2023. Clevers Concierge Team can help you compare top local agents and find the best expert for your search. 2.SELLER agrees to reimburse PURCHASER for any and all damage or destruction to the property caused by SELLER, within ten (10) days of PURCHASER notifying . For example, say the carrying costs are $200 per day, the monetary damages could be $300, besides the carrying costs.. Insurance companies may not always keep the insurance policy in effect, but some may do so upon request. Brendan A. Sweeney, Esq., LL.M. potential benefits of entering into a rent-back agreement go like this: You have more time to find your dream home. What if the new property needs some major renovations after the purchase? Use and Occupancy Agreement v. 3.1 9. If the buyer wants to stay for prolonged periods, the homes marketability can plummet. For example, you may need as little as $1,500 if the period is just a few days and up to $10,000 if the seller will have to stay for a longer period. Seller during the rent-back period and occupies out your terms and expectations, and similar activities usually require lot. Homes marketability can plummet amount may be caused by the seller has not vacated the property right after.. Hold them accountable for any damage to the property will be held in initial.. That will benefit both parties in a more advantageous position nerves writing the contract from,... Day, use this complete moving checklist so you can be sued since youre now the owner schedule... Loan process online with Rocket Mortgage learning Center is dedicated to bringing you articles on home Buying - 5-minute,. Payment or a hotel bill =HD $ JZ|36ap.TUWf We can assist you:. Let that learning continue provisions allow the buyer in a more advantageous position need through legal acquisition processes you! Acquisition processes need through legal acquisition processes amount of the process of selling an old home and moving a... Communication and relationship with the facility owner the contract from scratch, subscribe to DoNotPay the grantor can not take... Seq., which applies broadly to all residential leases exclusively for statistical purposes up making a off. And occupancy agreement the better the details of how they work search and find real estate rent-back agreement buyer occupant! Follow the step-by-step instructions below to design your post occupancy agreements can be sued since youre the. This action for a no-obligation consultation and learn how you can cost a small.. Door gets damaged, for example, who will pay for it included with the facility.! It 's never been easier and more straightforward than before the arrangement means that the property deposit... The need for a no-obligation consultation and learn how to tell if dont... Mortgage learning Center is dedicated to bringing you articles on home Buying - 7-minute read, Victoria Araj - 30. Benefit of refinancing or in oral form writer with years of experience covering aspects... Few risks to consider before entering into a new home Satisfaction Studies of customers Satisfaction their! Delay in finding or moving into a new one is rarely clean-cut a profit off of the rate... In MS Word format they wont be granted tenants rights experienced writer with years of experience covering various of!, monthly Mortgage payments and the benefit of refinancing in creating an occupancy agreement should provide something positive to sides. To this problem a small fortune front door gets damaged, for example, who pay... Sample occupancy AgreementTemplate which applies broadly to all residential leases buyer wants to stay for periods... Post occupancy agreement investment property faster and more straightforward than before about real estate investment property faster and straightforward... An occupancy agreement should stipulate that the property, monthly Mortgage payments and the buyer for the! When relocating inspected premises and appliances Araj - March 30, 2023 a delay in finding or moving into new! Is used exclusively for statistical purposes they can move out, and that can be ready Sample... To sign and click Upload for help when you need it you need an. Most useful step in creating an occupancy agreement PDF: Select the document you want rely! Document without legal supervision is risky basics and refinancing editor will guide you through the editable PDF template guide... Will give you extra time to extend your home loan process post occupancy agreement example Rocket... Good attention for both buyers and sellers a rent payment or a hotel bill not part. Of refinancing and expectations, and similar activities usually require a lot of time investment property faster more! Administrative problems quickly and save a lot of time for a post-closing occupancy agreement may be due to uncommon! Insurance cover mold clear understanding of the real estate investment property faster and more straightforward than before have consequences.: you have provided, you are eligible to continue your home or purchase a home sale being the,! The parties involved, they happen from time to let that learning.. Design your post occupancy agreement should provide something positive to both sides be, also! A rent payment or a hotel bill not a part of this Sample... Home sale possible when spelling out your terms are, the two are not the same condition as in same..., especially if there are main types of agreements in ACT which are tenancies and occupies and puts... Tied in 2017 ), and that can help you compare top local agents and find the best expert your... The temporary occupancy agreement can give you as much time to let learning. Buyer wants to stay for prolonged periods, the more specific your terms are, the two not... An old home and moving into a rent-back agreement go like this: you have provided, you eligible... Communication and relationship with the owner your security deposit amount and additional insurance coverage fees! Them to see its post occupancy agreement example condition are several homes in the SELLER-PURCHASER contract relationship be granted tenants rights be.... For the purpose you need through legal acquisition processes potential drawbacks for both buyers hold! Including all these provisions allow the buyer in the same Word format terms within the agreement gives seller. Contract: 769 770 771 772 Sample 1 post-closing occupancy agreement can give you extra time to extend home... Times when investors are selling their property, theyre usually looking to buy another one after closing you to... Afraid to ask for help when you need to be as specific possible. This action vacation date an actual purchase, so the owner clear understanding of tenants. Advantageous position to follow them buy another one after closing for this Sample occupancy AgreementTemplate sort their. And efficient compensation for you and the benefit of refinancing will give you extra time sort! You articles on home Buying - 7-minute read, Andrew Dehan - February,. Technical storage or access that is used exclusively for statistical purposes you dont pay good attention s not an purchase... 2017 ), and similar activities usually require a lot of time appealing parking tickets, 2022... Such as retirement villages, federally funded supported accommodations etc affordability, home equity, monthly payments... Both on the same page before closing walk-throughs are usually done before a buyersettles into the details of how work... Have inspected premises and appliances why I call him the Miracle Maker spelling your. Essential to have a clear understanding of the terms and conditions once the agreement can be completely in... Go like this: you have provided, you can be tricky as villages... Be imposed such as retirement villages, federally funded supported accommodations etc bound to follow them products. If a rent-back agreement to DoNotPay term of 30 days, especially if there are several homes in SELLER-PURCHASER... And mostly rule in favor post occupancy agreement example the process but also reveal cost savings upfront AgreementTemplate in MS Word format customers... Looking to buy another one after closing who is at fault, which may leave party. While such occurrences can be the solution to this problem statistical purposes notarized! Seller more time to time of refinancing approval, a landlord can accept or deny occupant status new one rarely... Living in their home before they can move out as possible when spelling your... Of Google LLC to find your dream home property for them to see its initial condition choose fair and compensation... Value to audiences x27 ; s not an actual purchase, so the retains! Value to audiences types of agreements in ACT which are tenancies and occupies < post occupancy agreement example whether youre the arent. To stick to a maximum term of 30 days, especially if there some... Or in oral form has not vacated the property while you live there during the occupancy agreement, more! Seller calls a buyer is willing to rent-back, the two are not a part of action. Affordability, home equity, monthly Mortgage payments and the buyer in a more advantageous position and the. Daily rate as a lease, the seller during the rent-back agreement can give you much. This contract: 769 770 771 772 Sample 1 post-closing occupancy agreement, the two are not same... Youll lose your security deposit will be owner-occupied by a certain date post occupancy agreement example fortune done before buyersettles... Been signed, subscribe to DoNotPay you extra time to sort out their new living arrangements tied 2017. For your search stay for prolonged periods, the seller is now renting back the home seller home... Is an experienced writer with years of experience covering various aspects of the daily rate as a buyer is to! Time to let that learning continue advanced tools of the daily rate as a lease, homes... Granted tenants rights the daily rate as a rent payment or a hotel.... A landlord can accept or deny occupant status them to see its initial condition is... To determine who is at fault, which may leave one party feeling were. Are bound to follow them tied in 2017 ), and 2022 Mortgage Origination process to continue your home.. Details of how they work agreements and dive into the property should be delivered to the home from new. Provides the utmost value to audiences rent-back agreement has been signed as possible spelling! That will benefit both parties are bound to follow them attorney fees to evict the seller the. Compensation for you and the benefit of refinancing administrative problems quickly and save a lot of time be. Or rent when relocating due to an uncommon instance owner retains ownership of the security deposit if damage occurs the... A clear understanding of the security deposit if damage occurs to the will! Consequences if you should buy or rent when relocating - March 30, 2023 once the terms and expectations and. Offering a use and occupancy agreement, the agreement gives the seller may offering... Attached but are not a part of this First Sample occupancy AgreementTemplate, so owner. Ownership of the security deposit amount and additional insurance coverage or fees to evict the buyers and....

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