Used when the seller will remain in the property after close of escrow. Establishes a tenancy relationship between seller and buyer. No Month-to-Month option is included. (Short-term Seller possession occupancies may be documented using paragraph 2 on PAA.) It also includes two options for the rental payment, Buyer's PITI or specific dollar amount. Gives an option for rent and security deposit to be paid through escrow rather than check, cash, etc.
Revised Nov. 2013