A contingency clause in real estate specifies conditions that must be met for a contract's validity. Learn how these clauses protect buyers and sellers.

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

When a homeowner sells a property with a mortgage, in most cases, they will need to pay off the mortgage at closing. A due-on-sale clause specifies that the remaining balance of a mortgage must be ...

Pay-if-paid clauses provide that a general contractor is not required to pay subcontractors unless and until it receives payment from the owner. The ConsensusDocs Standard Agreement 655 provides the ...

Escalation clauses incrementally increase your offer on a home if the seller receives higher bids, up to a maximum price. Including one in your purchase offer can help you stay competitive without ...

An alienation clause, also known as a due-on-sale clause, is a standard provision in most mortgage agreements. It requires the borrower to repay the full loan balance if the property is sold or ...

Pay-if-paid clauses are conditional payment provisions regularly included in construction subcontracts. The intent of these clauses is to shift the risk of loss from a prime contractor to its ...