When is the buyer entitled to possession of the property if not using a temporary lease?

Study for the Texas Promulgated Contracts Exam. Gain understanding with detailed explanations and various question formats. Prepare effectively and ace your test!

The buyer is entitled to possession of the property upon closing and funding because this is the point at which the legal ownership is transferred from the seller to the buyer. In Texas real estate transactions, closing typically involves the signing of documents and the disbursement of funds, after which the buyer officially takes possession of the property.

Closing and funding signify the completion of the sale, including the transfer of the title, which is essential for the buyer’s right to occupy the property. The timing of possession is crucial, as it ensures that the buyer can safely enter and take control of the property without any complications or disputes with the seller.

Prior to this moment, the seller may still be in the process of vacating the property, or they may retain certain rights until the transaction is fully completed. Thus, unless there is a temporary lease or specific agreement allowing for earlier possession, the standard practice is that the buyer gains access only once the transaction has fully processed.

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