Remember that a pre-occupancy agreement can be violated either by the buyer/tenant or by the seller/owner. Similarly, a post-billing occupancy agreement may be violated either by the seller/tenant or by the buyer/owner. It is necessary to develop appropriate provisions to deal with each of these contingencies. In other words, if you have an occupancy agreement before settling accounts, what will happen if each party is late? What also happens if one of the parties is late in an occupancy contract after the countdown? If you are thinking about the different consequences of a default by either party, you may need to develop significantly different rules to address the consequences of each party`s default. .
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