Protect Yourself with Contingency Clauses in Real Estate

A real estate agent and client reviewing documents together at a desk in an office with a city view.

In real estate transactions, contingency clauses in contracts serve as critical protections for buyers and sellers. These contractual conditions must be met within specific timeframes for the sale to proceed, providing legal safeguards and negotiation leverage. Contingency clauses allow parties to exit a real estate contract without financial penalty if certain conditions aren’t satisfied, such…

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