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 36 contracts

Samples: New Jersey Real Estate Purchase Agreement, North Carolina Real Estate Purchase Agreement, Iowa Real Estate Purchase Agreement

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