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What Is a Rent-Back Agreement?

RIS Media

Under those circumstances, a rent-back agreement can be advantageous for both parties. How a Rent-Back Agreement Works. A rent-back agreement allows the seller to continue to live in the house for a period of time after closing. During that time, the seller pays rent to the buyer.

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Should I Sell My House in 2022? Factors to Help You Decide

HomeLight

A brand-new house is another option, but supply chain problems, labor shortages, and zoning issues are impeding construction. Ask buyers to rent back if you need more time to find the right property or rent another home until you do. Remember to account for additional expenses such as renovations, repairs, and staging.