Contingency Removal - Real Property

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Contingency Removal - Real Property Powered By Docstoc
					This document acknowledges that a formal contingency agreement exists but has been
removed. It may also be used when the prior issue has been cured, or when the issue
has not been cured, but the buyer now is willing to excuse or waive the issue. This
document contains both standard clauses as well as opportunities for customization to
ensure that the understandings of the parties are properly set forth. This document may
be used by either the purchaser or seller of real property, or by a real estate agent or
escrow company.
          CONTINGENCY REMOVAL – Purchase of Real Property


    With respect to the property legally described as: _________________________________,

    I / We hereby remove the contingencies initialed below which were made a part of the Real
    Estate Purchase Agreement, dated ____________________, between:

    Buyer(s)______________________________________________________________and

    Seller(s) _______________________________________________________________

    Initial below where appropriate:

    Buyer’s Initials

    Purchaser removes the following contingencies: [ ] Contingency regarding financing
    (Agreement paragraph #__). [ ] Contingency regarding contractor's report (Agreement
    paragraph #__). [ ] Contingency regarding architect's report (Agreement paragraph __). [ ]
    Contingency regarding environmental report (Agreement paragraph #__). [ ] Contingency
    regarding use requirements (Agreement paragraph #__). [ ] Contingency regarding title
    insurance commitment (Agreement paragraph #__). And [               ] other contingencies:
    ______________________________________________________________(describe)

    Dated:________________________________________

    PURCHASER: ________________________________

    Print Name: ____________________________




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DOCUMENT INFO
Description: This document acknowledges that a formal contingency agreement exists but has been removed.  It may also be used when the prior issue has been cured, or when the issue has not been cured, but the buyer now is willing to excuse or waive the issue.  This document contains both standard clauses as well as opportunities for customization to ensure that the understandings of the parties are properly set forth.  This document may be used by either the purchaser or seller of real property, or by a real estate agent or escrow company.
This document is also part of a package Real Estate Forms for your Business 46 Documents Included