Kick Out Clause Example

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Kick Out Clause Sample – Kelowna Okanagan Real Estate – A kick-out clause is a clause in a contract for a real estate sale which sets up a contingency which, when triggers, causes the contract to either lapse or be made good. If the buyer cannot meet the contingency, the contract will lapse, and the seller will move on to another buyer.

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A 'Kick-Out Clause' Can Protect Home Sellers – Realty Times – This kick-out clause has to be carefully drafted. If the potential purchasers are confronted with the 72 hour kick-out period, and decide to delete (remove) the sale contingency, they may still be able to get out from under the original contract if they cannot get financing.

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Kick Out Clause, Right of First Refusal: Same thing? – Kick Out Clause: The language in kick-out clauses could vary depending on the contract used, but in the florida realtors/florida bar residential contracts for Sale and Purchase (FR/Bar), the Kick Out Clause language is in a rider.

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DOC STANDARD SUPPLEMENTARY CLAUSES – Utah – OPTION TO KEEP HOUSE ON MARKET ("72-HOUR" OR "KICK-OUT" CLAUSE) The Buyer and the Seller agree that the Seller has the right to continue to offer the property for sale and to accept offers subject to the rights of the Buyer.

Contingency Clauses In Home Purchase Contracts – Sometimes a contingency clause is attached to an offer to purchase real estate and included in the real estate contract. Essentially, a contingency clause gives parties the right to back out of.

Drafting Kick-Out Clauses to Accept a. – Colorado Attorneys – There are certain issues which all good kick out clauses must address. A kick out clause provides that upon the occurrence of some event (seller’s acceptance of a new offer, seller’s notice to purchaser of its intent to accept a new offer . . . etc.) that the purchaser has a specific period of time to act to avoid being "kicked out" of the contract.