What should a seller do if they wish to remain in the property beyond the closing date?

If a seller wishes to remain in the property beyond the closing date, using the Seller's Temporary Residential Lease form is the correct approach. This form is specifically designed to allow sellers to stay in the property for a specific period after the sale has closed. It establishes a legal rental agreement between the seller and the buyer, detailing the terms of the lease, including the duration, rent amount, and other responsibilities.

Utilizing this form ensures that both parties have a clear understanding of their rights and obligations during the seller's extended stay. It protects the interests of both the seller, who needs additional time to move, and the buyer, who has now become the property owner but may still want the seller on the premises temporarily. This formal agreement can help avoid potential disputes or misunderstandings about the seller's occupancy after closing.

Other options might not provide the same level of legal clarity and protection. For instance, negotiating a new sales contract could complicate the sale process and is not a standard procedure for extending occupancy. A verbal agreement lacks the binding nature of a written lease and may lead to misunderstandings. Leaving the property immediately does not address the seller's desire to remain in the home, which is why the lease option is essential in such scenarios.