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fromRedfin | Real Estate Tips for Home Buying, Selling & More
11 months ago
Real estate

How Use and Occupancy Agreements Work

A Use and Occupancy (U&O) agreement allows a buyer to temporarily live in a home before the sale officially closes, similar to a short-term rental.
A U&O is commonly needed when buyers face lease timing issues, job relocations, or delayed closings due to financing or paperwork.
Offers helpful flexibility-but both parties (buyer and seller) need a clear, written agreement and legal guidance to avoid complications.
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