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February 12, 2012
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Response To: Escalator Clause (annbutler - 08/10/2000 05:45 AM)
Main Topic:

Escalator Clauses: When Is It Time To Hop On Board?


Sunset & Other Clauses
Posted By: OurBroker - 08/10/2000 06:16 AM

Ann --

Thanks for your note. You raise a good point.

Escalator terms can be set up in a number of ways. A sunset clause is an excellent idea, and there are others that might work as well. For instance:

*Acceptance of the escalator clause means the offer has been ratified.

*The escalator clause is the last addendum to the agreement -- no additional terms can be added by the seller.

*The brokers in the transaction shall be held harmless regarding the final sale price and its negotiation.

*If there are several offers with escalation clauses, only ___ escalations are authorized.

Etc.

I'm not a lawyer, and suggest that proper advice and language should be obtained from an attorney.

All the best.


Peter G. Miller
OurBroker(r)


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