Asked by dk_nguyen_1, Iselin, NJ • Wed May 29, 2013
We entered in a standard PA for a rental property on 4/9/13. We use the sellersâ€™ agent because we were advised that we will have a better chance at getting the place.
At the time we entered the PA, we were informed that the sellersâ€™ lease agreement with tenants expires on 6/14/13; Sellers then proposed an addendum stating the following and we conditionally agreed to it.
1. Sellers to be responsible for collecting rents from tenant until property is vacated.
2. Sellers to bear all costs of vacating property at the end of tenants lease.
3. Sellers to have home professionally cleaned after tenant vacates property.
4. Sellers to ensure rent of $XXXX per month until home is vacated.
The condition we put forth to the sellers at the time we signed the above addendum #1 was to have tenants security deposit transfer to escrow to cover any damages which may cause by tenants between escrow closed and the time they move out.
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