What is a “Rent Back Agreement”? There are times when you are buying a home and the seller is unable to move by the closing date. If you do not need to move in immediately, you can offer the seller a rental agreement for the extra days that they need. The important thing to remember is that you must occupy the property within 60 days of closing if you purchased the property as an owner occupant.
Related Article Title: Fannie Mae’s Top Trending Questions – Dated June 22, 2020 Written by: Lloyd Rutherford, Staff Writer If there is a trending question with the agencies, then this means that multiple people are asking it. The trending FAQs is an excellent way to quickly stay up to date and learn new things. Rule […]