Can sellers stay in the house after possession (rent-back)?
Quick Answer
Short answer: Yes, through a "seller rent-back" agreement with daily rent, security deposit, and occupancy insurance—but it adds complexity.
Detailed Explanation
When sellers need extra time (moving delays, new-home completion), parties can negotiate post-possession occupancy. The seller becomes a tenant paying daily rent (often $50-150/day) with a security deposit and adequate insurance coverage.
While accommodating, rent-backs introduce landlord-tenant risks and potential moving delays for buyers.
- Daily rent typically equals monthly carrying costs ÷ 30
- Security deposit covers potential damages
- Clear end-date and termination clause essential
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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