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.

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Answered on 5/10/09, 4:39 pm


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