Don Alexander

Posted in Options

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  • What have you found to be the best “escape” clause to use in your contingent contract?

    Thanks for your help.

    Anonymous

    Hi Don

    it depends on what you want to escape from or to…

    I always make my contracts contingent upon what my exit strategy is

    If I want to get the house rented before I buy – then the contract is subject to finding a suitable tenant. I usually put a time limit onit — like within 2 months

    If I have to find buyer first – then it is subject to that.

    but escape or OPTION clauses are always tied to the exit strategy

    Jackie,

    Thanks for your help.

    Don

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