What does it mean when the seller agrees that the property will complete with “vacant possesion”?
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What does it mean when the seller agrees that the property will complete with “vacant possesion”?
Asked on September 25, 2012 under Real Estate Law, Missouri
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The term "vacant possession" with respect to a real property transaction means that when escrow closes the buyer receives the property purchased without anyone in possession of the unit including but not limited to tenants, the sellers or any other person.
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