0
"Contingent with kick-out" refers to a real estate agreement where a buyer's offer is accepted, but it includes a contingency that allows the seller to continue marketing the property. If the seller receives a better offer, they can "kick out" the original buyer, typically giving them a specified timeframe to remove their contingency and proceed with the sale. If the original buyer cannot do so within that timeframe, the seller is free to accept the new offer.
What else can I help you with?
What does contingent on a will mean?
what does a contingent mean on a bank statement.
What does the abbreviation Cnko stand for in real estate?
"Contingent with No Kick Out."
Give me a sentence with ''contingent''in it?
(As an adjective, contingent can mean possible, accidental, or dependent. As a noun, contingent can mean part of a larger group or a quota.)(adjective) Your salary will be contingent on your performance as a supervisor.(noun) A contingent of troops arrived at the disaster site with medical supplies.
What does contingent PS mean?
Pending Sale
What does CNKO mean?
When the status on a property is listed as "Contingent w/no kick-out" (CNKO) it means that an offer has been presented to the seller with contingencies, and if those contingencies are not satisfied, then the seller may take another offer. A "kick-out" clause is sometimes used if a seller wants to reserve the option to accept a better offer, once the property is under contract. A "no kick-out" clause means that the seller relinquishes this option once his/her home is under contract. So, in your example "Contingent w/no kick-out" means that the seller has accepted an offer with contingencies, but cannot accept another offer unless those contingencies are not satisfied.
What does Contingent with No Kick Out mean in Real Estate Terms?
Contingent with no kick out means the contingency is in favor of the buyer. Even if another buyer shows up the seller will have to wait for the contingency to run its course until the seller could sell the house to the second buyer. Usually it runs for a specific time to allow the buyer to get his relocation package or confirmation of job transfer into place. This is usually only used if the seller is very sure of the buyer qualifying to purchase.
What does kos mean in football?
Kick off Specialist
What does Fong mean?
To kick.
When was Garuda Contingent created?
Garuda Contingent was created in 1956.
When was Gurkha Contingent created?
Gurkha Contingent was created in 1949.
When talking in life insurance what does contengent mean?
In regards to life insurance, contingent usually means secondary. For example a contingent beneficiary is a secondary beneficiary, not the primary beneficiary. The contingent beneficiary would receive the proceeds from a life insurance policy if the primary beneficiary were not alive when the insured person dies.
What do people mean when they say to kick with your laces?
in soccer when they tell you to kick with your laces it means to kick with the top of your soccer shoe
