Charleston · Other
How much should the daily use and occupancy fee be?
A use-and-occupancy fee is typically negotiated to cover the seller's or buyer's actual daily carrying cost, meaning the mortgage, insurance, and tax prorated per day, plus sometimes a modest premium for the inconvenience. There is no fixed statewide figure, since it is a private negotiation between the parties. Brian and your attorney can calculate a fair daily number based on the specific property's actual carrying costs.
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