Pco70-10-11 - Post-Closing Occupancy Agreement printable pdf download

The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission.

(PCO70-10-11) (Mandatory 1-12)

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR

OTHER COUNSEL BEFORE SIGNING.

POST-CLOSING OCCUPANCY AGREEMENT

(Seller Rent-Back Agreement)

Note: This form is to be used only for short-term residential occupancy for a term not to exceed 30 days. A residential lease

shall be used for a term longer than 30 days.

This Post-Closing Occupancy Agreement (Agreement) is entered into between

(Seller),

and

(Buyer), relating to the occupancy of the following legally described real estate in the

County of

, Colorado:

known as No.

(Property).

Street Address

City

State

Zip

Buyer and Seller entered into that certain Contract to Buy and Sell Real Estate dated __________________, and any

amendments (Contract). All terms of the Contract are incorporated herein by reference. In the event of any conflict between

this Agreement and the Contract, this Agreement shall control, subject to subsequent amendments to the Contract or this

Agreement.

Seller shall retain possession of the Property from date of Closing to ________ days subsequent to Closing as set forth in

the Contract (Term).

During the Term of this Agreement, Seller shall, at Seller's sole expense, keep the improvements and any personal

property on the Property and owned by Buyer in the same condition and repair, normal wear and tear excepted, as of Closing,

except as set forth in § 5. Unless such services are provided by a third party (e.g., homeowner’s association), Seller also shall

maintain the landscaping and mow the lawn as previously maintained. Seller shall provide timely notice to Buyer of any

improvement requiring maintenance or repair.

Buyer shall, at Buyer’s sole expense, maintain and repair the heating and cooling systems including ventilation and ducts,

plumbing, electrical wiring, roof and structural components of the Property and all appliances in the Property owned by Buyer,

and the lawn sprinkler system, if any. Seller shall be responsible for any misuse, waste, neglect or damage to the Property or

personal property on the Property caused by Seller or Seller’s family or visitors.

Upon reasonable prior notice to Seller, Buyer shall have access to the Property at all reasonable times and Buyer, or

Buyer’s designee, may enter the Property without interference or disturbing Seller’s possession of the Property. Buyer shall

have the right, but not the obligation, to restore the Property and any items of personal property owned by Buyer to the same

condition of repair and cleanliness as existed at the date of this Agreement, or Closing, whichever shall be later, and, in such

event, Seller shall pay Buyer, in addition to the rent, the costs of such repair or replacement.

Rent shall be at the rate of $____________ per day for the Term of the occupancy, payable in advance at Closing and

delivery of deed. Should Seller vacate earlier, the unearned rent

Shall

Shall Not be refunded to Seller.

Should Seller not timely surrender possession of the Property to Buyer, Seller shall be subject to eviction and shall be

additionally liable to Buyer for payment of $____________ per day from and after the Term, until possession is delivered to

Buyer.

Water and sewer charges incurred during Seller’s occupancy shall be paid by

Seller

Buyer.

10. Electric and gas service incurred during Seller’s occupancy shall be paid by

Seller

Buyer. Arrangements for the

final reading and payments for said utilities and services shall be made by both parties.

PCO70-10-11. POST-CLOSING OCCUPANCY AGREEMENT

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Pco70-10-11 - Post-Closing Occupancy Agreement

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