Are You Utilizing Our Standard Clause Booklet?
May 18, 2023
Often, the Virginia REALTORS® Legal Team gets questions about adding additional language to our contract. Sometimes agents or brokers find themselves needing additional language to meet their client’s needs. Perhaps it is an appraisal contingency. Sometimes back-up offer contingencies. Or others, such as escalation clauses, 1031 exchanges, as-is inspection, pass-fail inspections, and many more.
Standard language may, in fact, exist! There is no need to do the dreaded task of writing your own. Or worse, copy a previous one and attempt to modify it to suit the current situation. Where can you find this language?
Look no further than the Standard Clause Booklet. It should be found in your standard forms provider, or at least available for download and use there. If not, it can be found in the Virginia REALTORS® Standard Forms Library, available for download at any time.
You can copy and paste these clauses to your contract as part of other terms, an amendment, or an addendum.
What if you don’t see the term or clause you need there? Please feel free to submit a suggestion by emailing firstname.lastname@example.org. The suggestion will be reviewed by the Standard Forms Committee and, if approved, it will find itself in the Standard Clause Booklet for use.
You might also like…
Scam Alert: Fake DPOR Email Address
By Santiago Montalvo - June 1, 2023
It is rather unfortunate that we are sending another notice about scams going on in the real estate world. I’m sure everyone reading this feels that fighting against… Read More
“My tenant has stopped paying rent, so their guarantor wants me to file an unlawful detainer…”
By Ryan Leonard - May 31, 2023
Q: I have a tenant who is a college student whose father co-signed the lease as a guarantor. The tenant has stopped paying rent. I spoke with the… Read More
“Is there language for the Loudon County Airport Impact Overlay District Disclosure?”
By Santiago Montalvo - May 23, 2023
Answer: On January 17, 2023, the Loudoun County Board of Supervisors approved the changes to the county’s Comprehensive Plan, Zoning Ordinance, and zoning map. Now there is an… Read More