#use-and-occupancy-agreement

#use-and-occupancy-agreement

A Use and Occupancy (U&O) agreement allows a buyer to temporarily live in a home before the sale officially closes, similar to a short-term rental.

A U&O is commonly needed when buyers face lease timing issues, job relocations, or delayed closings due to financing or paperwork.

Offers helpful flexibility-but both parties (buyer and seller) need a clear, written agreement and legal guidance to avoid complications.