The technical term is post-settlement occupancy, or PSO.
In all those syllables is a basic situation: Sellers remain in the property after the buyers complete the purchase. Ownership has changed, but occupancy has not. Yet. (It is the opposite of another kind of PSO–pre-settlement occupancy, about which I wrote a couple of weeks ago.)
You easily can imagine some of the reasons that sellers might make the request, e.g.: Continue reading