There are several different types depending on the situation. Certainly the list isn't all inclusive, I'll just list a couple ways one could be used with regards to real estate.1) buyer and seller: **** buyer wants to move in early they want an occupacy agreement between now and closing.*** seller wants to stay/occupy the property after you purchase for a certain duration.2) city/state mandated**** if you're buying a property in a certain city they may require one; it entails an inspection by a city inspector prior to closing, prior to any new occupant/owner/transfer of deed.I hope this helps.Kim LawsonOhio Mortgage Loan OriginatorLicensing and Contact information is located on my profile.
States whether you are going to live in the property or not
Verifies that you are OWNER OCCUPYING or NON OCCUPYING property being financed.
Hi, do you mean a use of occupancy in a purchase transaction? That is when the home is occupied after the sale, by the sellers and they agree to occupy with subject to certain restrictions
This agreement states whether you are going to live in the property or not; basically what your intentions are.
It is an agreement to occupy a property, usually before or after a sale.
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