Building Resource
A list defining when possession will occur (i.e., Close Of Escrow, Close Plus 1 Day, etc.).6/20/2024| Standard Value | Definition | Usage |
|---|---|---|
| Close Of Escrow | Possession is passed to the buyer at the close of escrow. | — |
| Close Plus 1 Day | Possession is passed to the buyer one day after the close of escrow. | — |
| Close Plus 2 Days | Possession is passed to the buyer two days after the close of escrow. | — |
| Close Plus 3 Days | Possession is passed to the buyer three days after the close of escrow. | — |
| Close Plus 3 to 5 Days | Possession is passed to the buyer three to five days after the close of escrow. | — |
| Close Plus 30 Days | Possession is passed to the buyer 30 days after the close of escrow. | — |
| Negotiable | Timing of the passing of possession to the buyer is negotiable. | — |
| Other | A type of possession not included on this list. | — |
| Rental Agreement | Possession is stipulated in the rental agreement. | — |
| See Remarks | See the listing/agent remarks for more information on possession. | — |
| Seller Rent Back | Possession is determined by the details of the seller rent-back agreement. In most cases, the seller will remain resident. | — |
| Subject To Tenant Rights | The terms of the transfer of possession are subject to the rights of the current tenant. | — |