It may refer to 08:44 Feb 3, 2011
Post-closing possession is more common out in the burbs as a seller may need a day or two to pack up the house and kids and move on. It's only recently that possession agreements have popped up in residential apartment transactions in Manhattan and the other boroughs. In most cases, the seller's attorney will notify the buyer's attorney when the contract is being negotiated that the seller will need a little time after closing before possession can be given.
In which case Monica is right. A bit more context required to be sure though. | 
The translation workplace 
peer agreement (net): +1
