Description: A South Dakota Temporary Residential Lease — Occupatiobellele— - Post-Closing is a legal agreement that allows the seller of a residential property in South Dakota to remain in the property for a short period of time after the closing of the sale. This type of lease is commonly used when the seller needs extra time to find a new home or make moving arrangements. The South Dakota Temporary Residential Lease — Occupatiobellele— - Post-Closing provides specific terms and conditions that both the seller and buyer agree to abide by during the temporary occupation period. It covers the rent amount, lease duration, and any additional provisions. Types of South Dakota Temporary Residential Lease — Occupatiobellele— - Post-Closing: 1. Month-to-Month Lease: This type of lease allows the seller to remain in the property on a month-to-month basis after the closing of the sale. It provides flexibility for both the seller and buyer in terms of termination notice and duration of the lease. 2. Fixed-Term Lease: A fixed-term lease is a temporary agreement that specifies a set duration for the seller's occupancy after the closing of the sale. This type of lease provides a clear timeline and end date for the seller's stay. 3. Rent-Free Lease: In some cases, the seller may be granted a rent-free temporary lease, allowing them to remain in the property post-closing without having to pay rent. This arrangement is typically agreed upon when the buyer wants to offer accommodation to the seller as a gesture of goodwill or when the seller agrees to perform specific maintenance tasks during their stay. The South Dakota Temporary Residential Lease — Occupatiobellele— - Post-Closing agreement is essential for protecting the rights of both parties involved and ensuring a smooth transition of ownership. It is recommended to consult a real estate attorney or use a reliable template to create a comprehensive and legally binding lease agreement.