Looking to sell your home fast and still stay in it after closing? A residential sale‑leaseback in Texas may be the solution. It lets you sell your house as-is, access your equity, and rent it back temporarily, giving you flexibility without delay.
A sale‑leaseback means you sell your property and immediately become a tenant, leasing it back from the buyer. You receive the sale proceeds and gain time to move out while retaining occupancy.
If you’re a home seller in Texas, here’s what you need to know:
You must use the TREC Seller’s Temporary Residential Lease (Form 16‑5/16‑6) for up to 90 days post-closing. Going over 90 days often requires a formal lease or might interfere with the buyer’s mortgage terms.
Leases typically use daily rent based on the buyer’s PITI (Principal, Interest, Taxes, Insurance), and a security deposit usually equivalent to one month’s rent. Funds are often collected at closing.
Under Texas Finance Code § 342.009, you can terminate the lease at any time by returning the home in essentially the same condition and paying rent through that date.
Staying past the lease end date can trigger a high daily holdover fee (often $200–$500/day). After closing, standard Texas landlord-tenant rules apply.
You must maintain property condition—lawns, utilities, cleanliness—and ensure timely rent. Confirm appropriate insurance is in place (buyer may carry homeowner’s policy; you may need renters insurance).
Q: Can I stay longer than 90 days?
A: Not with the standard lease. Staying longer requires a formal rental lease and could violate the buyer’s loan guidelines.
Q: Do I pay the mortgage after closing?
A: No—once sold, the buyer pays the mortgage. You just pay rent.
Q: Will I lose my deposit for damages?
A: Yes, if there’s damage, uncleanliness, or failure to return the property in its original condition.
Q: What happens if I don’t move out?
A: Expect daily holdover charges and possible eviction.
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Benefits |
Risks & Mitigation |
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Fast cash-out, no repairs needed |
Overstay penalties – plan ahead |
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Time to relocate or wait for the next home |
Deposit loss for damage – maintain well |
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Avoid homeowner costs |
Insurance gap – verify coverage |
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Stay during the transition |
Lease oversight – review TREC forms |
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Title:
Sell Your House Fast & Stay: Texas Sale‑Leaseback Guide for Home Sellers
Meta Description:
Discover how to sell your house fast and as-is in Texas, rent it back temporarily, and navigate all legal requirements—90-day lease, rent, deposit, insurance & more.
A Texas residential sale‑leaseback gives you the flexibility to sell your home fast, stay as a renter for up to 90 days, and avoid the headaches of traditional selling.
When structured properly, you get cash in hand, time to relocate, and none of the stress that comes with moving too fast. Just make sure you follow the lease terms, maintain the home, and move out on time to get the full benefit of this win‑win arrangement.