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Get Contingency Removal Form
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How to fill out the Contingency Removal Form online
Filling out the Contingency Removal Form online is a crucial step in removing specific contingencies from a real estate transaction. This guide provides comprehensive instructions to assist you in completing the form accurately and efficiently.
Follow the steps to complete the Contingency Removal Form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling in the legal description of the property in the designated space. This information is crucial as it identifies the property involved in the transaction.
- Clearly state any other names or aliases associated with the property in the 'Also known as' section, ensuring all relevant identifiers are included.
- Enter the date of the Purchase Agreement to clarify the timeline of the transaction.
- List the buyers' full names in the appropriate fields. Ensure that all parties involved are represented accurately.
- Proceed to initial next to the contingency items that you wish to remove. Carefully consider each option related to inspections, contingencies related to financing, or any others applicable.
- If you select 'Other,' provide a brief description of any additional contingencies you wish to remove in the specified area.
- Finally, both buyers should sign and date the form to ensure it is legally binding. This confirms that all information provided is accurate and that all parties consent to the removal of the specified contingencies.
- After completing the form, you can save changes, download, print, or share the document as needed.
Complete your documents online with confidence and accuracy.
The buyer is obligated to move forward with the purchase after releasing all the contingencies in a contract. Otherwise, after signing a release of contingencies, the seller has the right to demand the buyer's earnest money deposit and may be entitled to liquidated damages if the buyer decides to cancel the contract.
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