If a seller is selling a property that is under lease, what is the timeframe to provide the signed lease to the buyer?

The correct timeframe for the seller to provide the signed lease to the buyer is seven days from the effective date of the contract. This requirement is in place to ensure that the buyer has a clear understanding of the terms and conditions under which the property is currently leased. It is particularly important because the existence of a lease may affect the buyer's intentions for the property, such as their plans for occupancy or investment.

Having this timeframe promotes transparency in real estate transactions, allowing the buyer to review the lease terms without undue delay. This is crucial for making informed decisions, especially when dealing with investment properties or any situation where the buyer intends to occupy the property.

Other options do not meet the specified requirement set forth in standard practices, which underscores the importance of providing the signed lease in a timely manner. Identifying the effective date as the key reference point for this requirement is essential for clarity in the transaction process.