Protection Clauses

10 Responses to Protection Clauses

1. Quentin/Kristina Freeman says:

   March 17, 2012 at 12:32 am

   Great form.

   Reply
2. KJ Roberts says:

   August 27, 2012 at 12:08 pm

   I’m not 100% on this form understanding the use of it.

   Reply
3. Karen Murphy says:

   October 23, 2012 at 2:57 am

   This is not a “form” it is an assortment of CYA clauses to put in various contracts, where ever applicable

   Reply
4. Michael Minnihan says:

   November 8, 2012 at 11:30 am

   These are four optional clauses to add to either the mortgage or the note.

   Due On Sale Clause #1 (put in mortgage)
   Due On Sale Clause #2 (put in mortgage)
   Collateral and Late Fee Clause (put in the note)
   Attorneys Fee Clause (put in the note)

   You use these clauses if you want to be paid if your buyers sell or assign the property.
   You use the note clauses so you get paid late fees and if you need to get an attorney involved.

   Reply
5. Roberta Eastman says:

   July 15, 2014 at 2:17 pm

   I searched for but didnt find anything regarding “personal guarantee” wording. Is there a specific clause to use for that or are we just asking our lawyer to put language in our docs indicating Tenant Buyers/Buyers are personally guaranteeing their notes/option agreements to us?

   Thank You…

   Reply
6. Scott O O'Shaughnessy says:

   January 28, 2015 at 9:24 pm

   Good stuff!

   Reply
7. Roger & Lu Young says:

   October 14, 2017 at 5:47 pm

   These are great clauses and should be used in every situation that they cover. They can save you tons of time, money and legal fees. Thanks.

   Reply
8. :isaac :Richardson says:

   February 12, 2018 at 6:18 pm

   Major Legaleeze required to make sure we get paid if your buyer sells or refinances!!

   Reply
9. Fatumata Sillah says:

   September 7, 2019 at 5:34 pm

   would like an updated protection clause.

   Reply
10. Cyrus Julian says:

    January 14, 2023 at 2:04 am

    While I obviously agree with the intent of these clauses, it’s a bit ironic considering when we buy on terms, we want this to be as loose as possible for us to buy creatively.

    Reply