Pre-Possession is High Risk!
Sep 26, 2016, 6:02 PM
It is bound to happen to you, a home buyer and seller may wish to allow the buyer possession of the home prior to the closing date. However, a pre-possession agreement carries with it many risks which the parties should carefully consider.
First, they need to decide whether they want a “pre-possession agreement” or a “rental agreement” (Lease) which would be governed by the Arizona Residential Landlord and Tenant Act: