ws6whiteshark
Member
What is the name of your state? PA
I have a house currently under contract with a buyer with a closing date in April. The buyer's agent is a real piece of work and since we no longer live in this home, the agent has been bugging us to let her buyers move in their belongings early before settlement. The agent drafted up a "hold harmless agreement" for us, which requires the buyers to have all utilities in their name before they move anything in and to also have a home owner's policy in place. I also drafted up an addendum to the agreement of sale laying out all the specifics for any kind of pre-settlement move in of personal property ONLY by the buyers and specified this is not a tenant/landlord situation. The buyers will not be living in the home before settlement. This addendum includes (1) a fee for the few days they will have their stuff in the house, (2) protection for us if the settlement is delayed for any ready by way of additional fees paid by the buyer for use of the home to store their belongings, (3) taxes, closing fees, etc prorated by the date they move their stuff in the home rather then the date of settlement and (4) necessary legal disclaimers in case settlement is not reached.
Since we are already out of the house it didn't really bother me one way or the other, but it's not going to be free for the buyer.
Any thoughts on this and specifically taxes being pro-rated before the date of settlement?
Thanks.
Scott
I have a house currently under contract with a buyer with a closing date in April. The buyer's agent is a real piece of work and since we no longer live in this home, the agent has been bugging us to let her buyers move in their belongings early before settlement. The agent drafted up a "hold harmless agreement" for us, which requires the buyers to have all utilities in their name before they move anything in and to also have a home owner's policy in place. I also drafted up an addendum to the agreement of sale laying out all the specifics for any kind of pre-settlement move in of personal property ONLY by the buyers and specified this is not a tenant/landlord situation. The buyers will not be living in the home before settlement. This addendum includes (1) a fee for the few days they will have their stuff in the house, (2) protection for us if the settlement is delayed for any ready by way of additional fees paid by the buyer for use of the home to store their belongings, (3) taxes, closing fees, etc prorated by the date they move their stuff in the home rather then the date of settlement and (4) necessary legal disclaimers in case settlement is not reached.
Since we are already out of the house it didn't really bother me one way or the other, but it's not going to be free for the buyer.
Any thoughts on this and specifically taxes being pro-rated before the date of settlement?
Thanks.
Scott
