Thursday 27 February 2020

Coronavirus contingency clause added to Bay Area condo deal

At least one condominium contract in the Bay Area has a contingency clause related to coronavirus. The seller travelled to Wuhan, China for Chinese New Year celebrations after their condo went into contract on Jan. 25, and has yet to return to the U.S. due to the fast-growing spread of the virus and a local lockdown, Inman reported. As a result, local brokerage Red Oak Realty, which is representing the buyer, advocated for the addition



source https://therealdeal.com/2020/02/27/coronavirus-contingency-clause-added-to-bay-area-condo-deal/

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