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Edmonton Real Estate Investors Association Message Board › Subject to Inclusions to your offers...IMPORTANT

Subject to Inclusions to your offers...IMPORTANT

Les
user 3850121
Edmonton, AB
Post #: 9
I was just Informed that on your purchase contracts the Real Estate Brokerages are
no longer accepting "And or Nominee" to the end of your name. This is being enforced by the board. For those of you assigning a contract please check with your lawyers for more details.


The Purchaser shall have the right at any time prior to closing, to assign this offer to any person, persons or corporation, and upon such assignment, herein before named Purchaser shall stand released from all further liability hereunder.

Also this clause should be used:

Purchasers liability shall be soley limited to deposit money in the event the transaction fails to close after all conditions have been removed.

Check with your lawyer before using any of the above.
We will not be held liable for any use of above information.
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