Common use of PROPERTY SALE CONTINGENCY Clause in Contracts

PROPERTY SALE CONTINGENCY. The Buyer’s obligations herein shall be contingent on the Buyer’s successful sale of Buyer’s property located at (“Buyer’s Property”) and the closing of such sale on or before . In the event that the Buyer is not able to sell or close the sale on the Buyer’s Property within the time allowed, this Agreement shall automatically terminated and all funds paid by the Buyer shall be returned to the Buyer after deducting all reasonable costs incurred by the Seller in good faith in relation this Agreement.

Appears in 42 contracts

Samples: Real Estate Purchase Agreement, Arizona Real Estate Purchase Agreement, Oklahoma Real Estate Purchase Agreement

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