What do buyers get wrong about rent back agreements?

 In RealEstate

Been reading past posts and learned quite a bit. Things like escrow and escalating rate per day. Already learned that the maximum days is 60 days per our lender.

So what else should I consider adding to my rent back agreement?

Our seller is moving to a new construction home that is almost done. Suspect up to 4 weeks needed in rent back but there is no way to know for certain today.

Probably looking at $200/day increasing $100/day for each week past the 2nd. With $10,000 in escrow.

submitted by /u/Middle_Manager_Karen
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