Colorado Post Closing Occupancy Agreement Form PDF Details

When navigating the waters of real estate transactions in Colorado, one unique but important document that often comes into play is the Colorado Post Closing Occupancy Agreement form, also known as the Seller Rent-Back Agreement. This specialized form is designed to be used in situations where the seller of a property remains in the home for a short period following the closing of the sale, typically not exceeding 30 days. The agreement outlines specific terms and conditions to ensure a smooth transition for both the buyer and seller, incorporating elements from the initial Contract to Buy and Sell Real Estate to avoid conflicts. Key aspects of this agreement include maintenance responsibilities, access rights for the buyer, rent payment details, utility obligations, insurance requirements, and the handling of a security deposit. It underscores the necessity for both parties to consult with legal and tax professionals before signing, due to the legal ramifications it entails. Moreover, this form ensures any damages or neglect by the seller during their post-closing stay is clearly addressed, alongside provisions for eviction if the seller fails to vacate as agreed, making it a crucial tool for managing post-closing occupancy with clarity and fairness.

QuestionAnswer
Form NameColorado Post Closing Occupancy Agreement Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namescolorado post closing occupancy agreement, post closing occupancy agreement sample, colorado post occupancy agreement, post occupancy agreement colorado

Form Preview Example

POST-CLOSING OCCUPANCY AGREEMENT
(Seller Rent-Back Agreement)

1The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission.

2 (PCO70-10-11) (Mandatory 1-12) 3

4 THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR 5 OTHER COUNSEL BEFORE SIGNING.

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10Note: This form is to be used only for short-term residential occupancy for a term not to exceed 30 days. A residential lease

11shall be used for a term longer than 30 days.

12

1.

This Post-Closing Occupancy Agreement (Agreement) is entered into between

 

 

 

(Seller),

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and

 

 

 

(Buyer), relating to the occupancy of the following legally described real estate in the

14

County of

, Colorado:

 

 

 

 

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16

 

 

 

 

 

 

 

 

 

17

 

 

 

 

 

 

 

 

 

 

known as No.

 

 

CO

 

(Property).

 

 

 

 

Street Address

City

State

Zip

182. Buyer and Seller entered into that certain Contract to Buy and Sell Real Estate dated __________________, and any

19amendments (Contract). All terms of the Contract are incorporated herein by reference. In the event of any conflict between

20this Agreement and the Contract, this Agreement shall control, subject to subsequent amendments to the Contract or this

21Agreement.

223. Seller shall retain possession of the Property from date of Closing to ________ days subsequent to Closing as set forth in

23the Contract (Term).

244. During the Term of this Agreement, Seller shall, at Seller's sole expense, keep the improvements and any personal

25property on the Property and owned by Buyer in the same condition and repair, normal wear and tear excepted, as of Closing,

26except as set forth in § 5. Unless such services are provided by a third party (e.g., homeowner’s association), Seller also shall

27maintain the landscaping and mow the lawn as previously maintained. Seller shall provide timely notice to Buyer of any

28improvement requiring maintenance or repair.

295. Buyer shall, at Buyer’s sole expense, maintain and repair the heating and cooling systems including ventilation and ducts,

30plumbing, electrical wiring, roof and structural components of the Property and all appliances in the Property owned by Buyer,

31and the lawn sprinkler system, if any. Seller shall be responsible for any misuse, waste, neglect or damage to the Property or

32personal property on the Property caused by Seller or Seller’s family or visitors.

336. Upon reasonable prior notice to Seller, Buyer shall have access to the Property at all reasonable times and Buyer, or

34Buyer’s designee, may enter the Property without interference or disturbing Seller’s possession of the Property. Buyer shall

35have the right, but not the obligation, to restore the Property and any items of personal property owned by Buyer to the same

36condition of repair and cleanliness as existed at the date of this Agreement, or Closing, whichever shall be later, and, in such

37event, Seller shall pay Buyer, in addition to the rent, the costs of such repair or replacement.

387. Rent shall be at the rate of $____________ per day for the Term of the occupancy, payable in advance at Closing and

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delivery of deed. Should Seller vacate earlier, the unearned rent

Shall

Shall Not be refunded to Seller.

408. Should Seller not timely surrender possession of the Property to Buyer, Seller shall be subject to eviction and shall be

41additionally liable to Buyer for payment of $____________ per day from and after the Term, until possession is delivered to

42Buyer.

439. Water and sewer charges incurred during Seller’s occupancy shall be paid by

Seller Buyer.

4410. Electric and gas service incurred during Seller’s occupancy shall be paid by Seller Buyer. Arrangements for the

45final reading and payments for said utilities and services shall be made by both parties.

PCO70-10-11. POST-CLOSING OCCUPANCY AGREEMENT

Page 1 of 2

4611. Seller Shall Shall Not maintain and pay the cost of (1) a Seller’s “Renters Policy” covering Seller’s personal

47property on the Property and (2) Shall Shall Not maintain and pay the cost of adequate liability insurance in favor of

48both Seller and Buyer and supply to Buyer evidence of such insurance. Buyer agrees to maintain and shall pay the cost of

49Homeowner’s Property Insurance Policy (which may be endorsed as a non-owner occupant/Buyer).

5012. Seller agrees that a security deposit in the amount of $______________ will be held by Buyer ________________

51from Closing until Seller vacates the Property. The security deposit shall be held and disbursed pursuant to Colorado law,

52generally within one month after the Term of this Agreement.

5313. Anything to the contrary herein notwithstanding, in the event of any arbitration or litigation relating to this Agreement,

54prior to or after the Term of this Agreement, the arbitrator or court shall award to the prevailing party all reasonable costs and

55expenses, including attorney fees, legal fees and expenses.

5614. ADDITIONAL PROVISIONS. (The following additional provisions have not been approved by the Colorado Real

57Estate Commission.)

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Buyer’s Name:

 

Buyer’s Name:

Buyer’s Signature

Date

Address:

Phone No.:

Fax No.:

Electronic Address:

Seller’s Name:

Seller’s Signature

Date

Address:

Phone No.:

Fax No.:

Electronic Address:

Buyer’s Signature

Date

Address:

Phone No.:

Fax No.:

Electronic Address:

Seller’s Name:

Seller’s Signature

Date

Address:

Phone No.:

Fax No.:

Electronic Address:

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PCO70-10-11. POST-CLOSING OCCUPANCY AGREEMENT

Page 2 of 2

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1. The agreement occupancy form involves specific information to be inserted. Ensure the following fields are finalized:

co occupancy agreement conclusion process detailed (portion 1)

2. After the previous part is finished, you need to include the needed specifics in Upon reasonable prior notice to, Rent shall be at the rate of per, Shall Not be refunded to Seller, Shall, Should Seller not timely surrender, Water and sewer charges incurred, Seller, Buyer, Electric and gas service incurred, Seller, Buyer Arrangements for the, PCO POSTCLOSING OCCUPANCY AGREEMENT, and Page of allowing you to move forward to the third stage.

Tips to fill out co occupancy agreement portion 2

Always be extremely careful while filling in Page of and Electric and gas service incurred, since this is the part in which most users make a few mistakes.

3. This 3rd step is considered pretty straightforward, Shall, Shall Not maintain and pay the, Shall, Seller agrees that a security, Buyer, Anything to the contrary herein, ADDITIONAL PROVISIONS The, Buyers Name, Buyers Signature Address Phone No, Date, Buyers Signature, and Date - these blanks will have to be filled in here.

Step # 3 of completing co occupancy agreement

4. This next section requires some additional information. Ensure you complete all the necessary fields - Buyers Signature Address Phone No, Sellers Name, Sellers Signature Address Phone No, Date, Address Phone No Fax No Electronic, Sellers Name, Sellers Signature, Address Phone No Fax No Electronic, and Date - to proceed further in your process!

Writing part 4 of co occupancy agreement

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