What is the main purpose of the Seller's Temporary Residential Lease?

The main purpose of the Seller's Temporary Residential Lease is indeed to allow the seller to remain in the property after closing. This lease is typically utilized when the seller needs more time to move out after the sale has been finalized but before they actually vacate the property. This can be beneficial for both sellers and buyers; for sellers, it provides flexibility during their transition to a new home, and for buyers, it allows them to take possession of the property while still accommodating the seller's timeline.

In contrast, the other options, while they touch on related concepts, do not accurately reflect the primary intention of the lease. Facilitating a sales contract is not its main function since the contract itself has been executed once the sale closes. Establishing a permanent rental agreement is also not applicable, as the Seller's Temporary Residential Lease is designed for a short duration, not a long-term arrangement. Lastly, property inspections are part of the sales process but are unrelated to the purpose of allowing the seller to remain in the property post-closing. Thus, the focus of the lease revolves around managing the seller's temporary residency after the completion of the sale.