In Kentucky, what does the residential sales contract provision of possession specify?

The residential sales contract provision of possession specifies the date when the buyer will have unfettered access to the property. This provision is crucial as it designates when the buyer takes legal possession of the property after the transaction. Understanding this timing is important for both buyers and sellers; buyers need to know when they can move in and start making the property their own, while sellers need to be clear on when they are expected to vacate the property.

The access granted to the buyer upon possession can affect logistics, such as moving timelines and other contractual commitments. Clarity in this provision helps prevent disputes between both parties regarding when the buyer can use the property and ensures that any expectations about moving dates or occupancy are managed effectively.