Скачать или смотреть WHATS A CONTINGENCY IN REAL ESTATE CONTRACTS 2021

Contingency in real estate is a provision in a real estate contract that needs to occur in order for the transaction to proceed to the next step. The same is true for the inverse—if the real estate contingency in the contract is not met, the real estate contract is considered null and void. Think of it as a condition, in simpler terms.

Contingencies are present in every real estate contract in order to provide some form of protection for both the buyers and the sellers. Some contingencies are more standard than others and appear in just about every contract.

Here are a few of the most common real estate contingencies so you can go about your transaction armed with the right knowledge.

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