Tuesday, March 25, 2014

When do I get the keys to the property? I am buying a condo. How do I get the key to my mailbox?


The seller should deliver all keys and garage door openers to the settlement agent at the time a signed deed to the property is delivered.  The buyer gets the keys at the end of the closing, after all documents are signed and all monies have been paid.      


Usually condos do not have individual door delivery by the Post Office, but have a cluster of mailboxes set up for the neighborhood.  The seller’s mailbox key is turned back to the nearest Post Office (not to the buyer), and the buyer’s mailbox key is obtained at the same Post Office, after closing.  The Post Office will re-key the box so that the seller’s key no longer works.   To get the key from the Post Office you will need to have a copy of your settlement statement and money for a deposit to get the key.

The answers given above have been prepared by the law firm of Jones & Walker, P.C. of Virginia Beach as general guidelines to common questions.  These answers do not constitute specific legal advice.  For a fuller explanation of many aspects of real estate sales and purchases, visit Jones & Walker’s website: www.jonesandwalker.com

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