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What is a Kick Out Clause?
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A kick-out clause refers to a clause in a contract for a real estate sale which sets up a contingency which, when triggered, causes the contract to either lapse or be made good. It is often used when a home buyer places a house under contract with the understanding that he must sell his current house before finalising the new purchase.
Q&A Related to "What is a Kick Out Clause"
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A provision in a sales contract that allows the seller to void the agreement if a better offer is received before the sale is closed. Example: When the Elways put their home on the
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It normally means that they have a ratified (accepted) contract, and the contract is contingent on something such as Home Inspection. This contingency does not give the seller the
http://www.trulia.com/voices/Property_QandA/what_d...
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A contract with a contingency means the fulfillment of the contract depends, or is contingent, on something else. One example would be if you agree to buy a property if the house
http://answers.yahoo.com/question/index?qid=200902...
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13 December 1993 (USA) See more »
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In real estate, a kick out clause is clause that is inserted in a real estate agreement to act as a contingency measure when a home buyer places a house under ...
From what I know about real estate contract you can make an offer on a house with a contingency for no kick out clause. That being said the other party has the ...