Contracts
In Ohio, a 'kick-out clause' in a real estate contract allows the seller to:
ACancel the contract for any reason within 72 hours
BAccept another offer if the current buyer does not waive a contingency within a specified time✓ Correct
CIncrease the sale price if appraisal comes in high
DRequire the buyer to use a specific lender
Explanation
A kick-out clause allows the seller to continue marketing the property and, upon receiving another acceptable offer, to notify the current buyer to waive contingencies within a set period or lose the contract.
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