The Buyer and Seller Temporary Residential Lease forms are good for any period up to?

The Buyer and Seller Temporary Residential Lease forms are designed to provide a legal framework for a residential lease between a buyer and seller in situations where the closing process extends beyond the time that the seller has vacated the property. These forms can be utilized for temporary housing arrangements, allowing the seller to remain in the home for a limited time after the sale has been made.

The correct answer indicates that these lease arrangements can last for a period of up to 90 days. This timeframe is significant because it offers flexibility for both buyers and sellers while also ensuring that their needs are met during the transition of ownership. By allowing a longer lease duration, sellers have enough time to find a new residence or make moving arrangements without rushing, while buyers can take possession of the property and start planning for their move-in without immediate pressure.

Shorter durations, such as 14, 30, or 60 days, may not accommodate all scenarios between buyers and sellers, particularly when longer timelines are often needed to handle real estate transactions and transitions. Thus, the 90-day period provides a practical solution for many temporary housing situations that can arise during real estate transactions.