facebookWhat kind of clauses/terms should I have to protect myself if my buyer wants to take early possession of my property for their renovation? - Seedly

Anonymous

05 Nov 2019

Property

What kind of clauses/terms should I have to protect myself if my buyer wants to take early possession of my property for their renovation?

What else should I take note of? Any advice?

Discussion (5)

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Your question sounds like you have sold your house and your buyer has asked you to leave the house asap.

I doubt that its this situation. So I think we need all more details.

  • Are you still at the negotiation stage? or has everything been agreed, signed and sealed?

  • If signed and payment received. What was the agreement you had?

  • Did you request for an extended period after the sale? Did they suddenly decide that they want to come in early instead?

Or are you asking what type of clauses to add in to prevent early possession? In this case, you should be safe if you add in a handover date. But usually, this would be settled during the negotiation stage, before the deposit is given.

To be honest, wouldn't all this issue be settled by the housing agent?

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Kelly Trinh

01 Nov 2019

Backoffice technical at financial services firm

Not really my area so no great advice but am curious how did it play out... Did u put anything special in and counterparty agreed?

Personally, if I was really worried I would just say no.

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