Common use of Possession and Occupancy Clause in Contracts

Possession and Occupancy. Possession and occupancy of the Property shall be delivered: ☐ at Closing ☐ on or before , 20 at ☐ A.M. ☐ P.M. (If time option is left blank, noon shall be the default possession time). Until such time, Seller shall have the right of possession free of rent, unless otherwise specified, but shall pay all utilities used until possession is delivered to Purchaser. Seller acknowledges and agrees that prior to Purchaser taking possession of the Property, Seller shall remove all personal possessions and debris not included in the Contract.