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Dear Forms Committee: Why isn’t there an option for possession at recording in the OREF sale agreements?


Since there is no consistent communication medium in every transaction, there is no way to contractually agree that all parties will be made aware of when recording occurs simultaneously. Parties can agree to this change in the “Additional Provisions” section if needed, but be aware that all parties may not know when recording has taken place at the same timeBuyers’ and sellers’ agents should coordinate possession to ensure all parties are aware.

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.