Tuesday 24 March 2020

The coronavirus clause is now a thing in resi deals

Less than a month ago, a “coronavirus clause” in a condo deal was a rare curiosity. But now such clauses have gone mainstream. Real estate brokers across the country have been getting standardized coronavirus-related legal language and addendums from their attorneys, title companies, brokerages and trade organizations to help buyers manage risk in these uncertain times, Inman reported. “Any new contracts that we’re writing, we are putting an addendum in,” Linda Fercodini of Fercodini Properties



source https://therealdeal.com/2020/03/24/the-coronavirus-clause-is-now-a-thing-in-resi-deals/

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