A rent-back, or seller leaseback, lets the seller stay in the home for a short time after closing while paying the new owner. It's a common tool when a seller needs extra days to move.
A rent-back gives sellers time to complete their own purchase or move without the stress of closing and vacating on the same day.
Offering a rent-back can make a buyer's offer more attractive in a competitive market, and the buyer collects rent for the occupancy period.
The agreement should spell out the daily rate, a security deposit, the length of stay, and who handles utilities and any damage.
Rent-backs are usually kept under 30 days to avoid triggering landlord-tenant complications, which we'll structure carefully.
Reach out and I'll help you set up a rent-back that works for both sides and keeps your San Diego transaction smooth.
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