What is the TREC addendum form required for a buyer to obtain early possession?

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The TREC addendum form required for a buyer to obtain early possession is TREC Form 16-6. This form is specifically designed for situations where the buyer wishes to take possession of the property before the closing process is completed. It outlines the terms and conditions under which the buyer can occupy the property early, ensuring that both parties understand their rights and responsibilities during this period.

Early possession agreements can involve various considerations, including security deposits, insurance requirements, and the maintenance of the property by the buyer before the transfer of ownership. The use of Form 16-6 helps to formalize this arrangement and provides legal clarity, which is crucial for minimizing potential disputes between the buyer and seller.

The other forms mentioned do not pertain specifically to early possession. Understanding the correct form to use ensures compliance with TREC regulations and protects the interests of both parties involved in the transaction.

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