Coop and moving date

no

I'm selling my condo and have asked the buyer to let us stay in the apartment for up to 2 weeks after our closing. I need the time to coordinate the purchase of my new place and have the living room/dining room floors refinished. The buyer agreed. I will pay him up to 2 weeks maintenance, real estate taxes, and mortgage on the apartment. However, I have to be out by a specific date because he, in turn, has to move out of his rental.

HOWEVER, when I bought my current residence, the seller demanded 1 month after closing without compensating us. I said NO because it was unreasonable for me to pay the expenses on the apartment while he lived there rent free. To boot,he was moving into a fully furnished house with a garge and empty basement he inherited on Long Island. He moved out the day before closing.

If the seller agrees to it but why would be if he has to pay the maintenance and you get to live free.

The seller will reimburse the buyer for themaintance or adjust the sale price. The question is will the coop generally allow this? Thanks.

ask the managing agent.

We found out that our condo won't say anything if you give them a move out date within a week or two of closing to coordinate closings on your sale and new purchase. Past that, you must submit a rental agreement to the Board with the same costs as if you apllied to purchase the apartment.

Resend: had typos
We found out that our condo won't say anything if you give them a move out date within a week or two of closing to coordinate closings on your sale and new purchase. Past that, you must submit a rental agreement to the Board with the same costs as if you applied to purchase the apartment.

Most likely you cannot. Most co-ops, if not all, would not allow you to stay in the unit once its sold because technically you would be a renter. If it was a condo it would be easier and your attorney would draft whats called a "post closing possession agreement" which would provide the terms of your move out after the close. Unless its an extremely liberal co-op that allows immediate subletting, its probably not going to happen for you.

You should simply extend the closing date by thirty days to accommodate your schedule with the new purchaser's permission. And actually, most contracts allow either party to legally push the closing out by 30 days.

Thanks