We signed a contract to buy from sellers in May. The sellers had asked for a holdover period after we close with them. We agreed to a max number of days and if the sellers exceed those days, they would incur additional penalty costs. But, now that we are negotiating the final closing day. The sellers say that legally that if they give us the keys by midnight, they consider that giving us posession and that day is not a holdover day. Is this true in NY?
Thanks in advance for any help!