[WSBAPT] Bump Clause Language/Example for Commercial Real Estate PSA or Counter

[Bryce Dille]

I don't think it would be too much different it would state " It is agreed Seller will keep the property on the market and continue to show it until Buyer has waived all contingencies set forth in this agreement. If prior to that time Seller receives another acceptable offer to purchase  the property, seller will give            days written notice of seller's intent to accept the new offer.If within said          days buyer gives written notice that buyer waives all contingencies Buyer shall have the continued right and obligation to purchase the property and sale shall close in accordance with this agreement. If no notice is received than agreement shall terminate  and earnest money returned to Buyer.

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Matt Yates
Sent: Saturday, April 4, 2020 10:14 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Bump Clause Language/Example for Commercial Real Estate PSA or Counter

Listmates:

Does anyone out there have any effective "bump clause" language that they've used.  I've got a seller wanting to keep commercial property on the market while potential buyer goes through due diligence.  All of my bump clause examples address the issue of buyer has to sell other property first before buyer can close on seller's property.  I've edited that for now to fit but I'd prefer something a little more substantive and I'd like to compare what I have.  Also, our law library down here in Clark County is closed.

Any help is greatly appreciated.

Stay healthy,
Matt

Matthew D. Yates
Attorney at Law
Yates Marshall, PLLC
10000 NE 7th Avenue, Suite 200
Vancouver, WA 98685
Phone: (360) 449-6100
Fax: (360) 449-6111
matt at yatesmarshall.com<mailto:matt at yatesmarshall.com> (New Email Address)
www.yatesmarshall.com<http://www.yatesmarshall.com>

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