What is a rent back in a real estate transaction? | Real Estate Tips

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???? A rent-back agreement in real estate is a contractual arrangement between the seller and the buyer of a property, where the seller continues to occupy the property after the sale has been completed. Under this agreement, the seller becomes a tenant and pays rent to the buyer, who becomes the landlord. The terms and conditions of the agreement, such as the length of the rent-back period, the amount of rent, and the responsibilities of each party, are usually specified in the contract. Rent-back agreements are commonly used when the seller needs more time to find a new place to live after the sale of their property.

Joe Kehrig | DRE #00679296
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