Legal Question in Real Estate Law in Texas
Possession of Property
When marking the TREC form for 1-4 family you have a choice of upon closing and funding or per residential lease agreement for transfer of possession. The lease says the day of closing is not considered a lease day. So does upon closing and funding mean that exact time or end of that day?
Asked on 5/08/09, 10:59 pm
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Possession of Property
It means when all of the required documents are signed and at the title company and when all of the purchase money in "good funds" arrives at the title company.
Answered on 5/10/09, 4:39 pm
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