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  • Tn Contingency On Sale Of Buyers Property 2013

Get Tn Contingency On Sale Of Buyers Property 2013-2025

3 SELLER NAME(s): 4 This Contingency on Sale of Buyer s Property Addendum is made a part of the Purchase and Sale Agreement for the Property identified on Line 1. Should any terms of this Addendum conflict with the terms of the Purchase and Sale Agreement, the terms of this Addendum will control. 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29.

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How to fill out the TN Contingency On Sale Of Buyers Property online

This guide provides clear and comprehensive instructions for filling out the TN Contingency On Sale Of Buyers Property form online. Whether you are an experienced user or new to digital document management, this step-by-step instruction will support you in completing the form accurately.

Follow the steps to complete the form effectively.

  1. Press the ‘Get Form’ button to access the form. This action will allow you to open the TN Contingency On Sale Of Buyers Property document in an online editor.
  2. In the first field labeled 'PROPERTY BEING PURCHASED,' enter the complete address of the property you are purchasing. Make sure to provide accurate details to avoid any issues.
  3. In the next field for 'BUYER NAME(s),' fill in the names of all buyers involved in the purchase of the property. This information is crucial for identifying the individuals responsible for the agreement.
  4. Proceed to the 'SELLER NAME(s)' field and enter the names of the sellers of the property. Just like with the buyers, ensure that this section has accurate details.
  5. For the property contingent information, provide the address of the Buyer's property in the section labeled 'This Purchase and Sale Agreement is contingent on the sale and closing of the Buyer’s property at the following address.' This step validates the basis for the contingency.
  6. Review the kick-out clause carefully. Understand that the seller reserves the right to continue marketing the property and may accept secondary offers. Be aware of the timeline for responding to any secondary agreement notifications.
  7. Read through the caution sections diligently. The instructions detail timelines for responses and consequences of not meeting those deadlines. Make sure to follow these cautiously.
  8. Complete the signature sections by having all buyers and sellers sign and date the document. Ensure that signatures are done clearly and on the appropriate lines.
  9. Once all fields are filled out and signatures are obtained, save any changes made to the form. You can then download, print, or share the completed document as needed.

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The contingency clause gives a party to a contract the right to renegotiate or cancel the deal if specific circumstances turn out to be unsatisfactory. An appraisal contingency gives the buyer the right to back out if a professional property appraisal comes in lower than a specified minimum.

Home sale contingencies are clauses in a real estate sales contract that protect buyers who want to sell one home before purchasing another. If the buyer's house sells by a certain date, the sale moves forward⁠—if not, a buyer can walk away.

Bridge loans alleviate the need to make a contingent offer, but they can cost more in fees than a home equity loan. Bridge loans are temporary loans that bridge the gap between the sales price of a new home and a buyer's new mortgage. It is secured by the buyer's existing home.

In real estate, there are 4 major contingencies and those are: appraisals, loans, home sales, and inspection contingencies.

Contingencies can include details such as the time frame (for example, “the buyer has 14 days to inspect the property”) and specific terms (such as, “the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%”).

A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic. In 2020, businesses were hit with the coronavirus pandemic forcing many employees to have to work remotely.

Depending on the needs of the buyer or seller, contingencies can also be written to include the timeframe when conditions need to be met. For example, the seller can stipulate that the buyer needs to complete the home inspection within 15 days of signing the purchase contract.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232