You have just signed an agreement to purchase a home. You don’t want to move in
before settlement, but you would like to paint and fix up prior to the closing. If the property is empty, why not?
In this situation, sellers are likely to want a pre-settlement decorator agreement, a
contract which allows the buyer to paint and repair the property, but not occupy it. Such
agreements routinely call for the buyer to pay utilities and sometimes a weekly fee.
Decorator agreements are often easy to obtain before a closing because they routinely
have a “got ya” clause. Such forms usually provide that in exchange for early access, not
only will buyers pay a fee and underwrite utility costs, but that purchasers also accept
the property in “as-is” condition. In effect, such wording may mean that in exchange for
early access to the property, the buyers right to demand repairs and warranty work can be
lost or limited.
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Decorator Agreement98 comments to Decorator Agreement |
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Home equity loans,
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