A contingency clause in real estate specifies conditions that must be met for a contract's validity. Learn how these clauses protect buyers and sellers.

On April 27, 2022, Virginia Governor Glenn Youngkin ratified amendments to two Virginia statutes, prohibiting pay-if-paid clauses in construction contracts, and limiting the effectiveness of ...

Pay-if-paid clauses are conditional payment provisions regularly included in construction subcontracts. The intent of these clauses is to shift the risk of loss from a prime contractor to its ...

We all know paying your mortgage on time is important. But you might not know how big of a deal it could be to miss a single payment. Most mortgage loans include an acceleration clause, which could ...

Construction contracts are exchanged so routinely that it’s common for contractors to just give the document a skim before laying down a signature. Even when a contractor examines a contract ...

When a homeowner sells a property with a mortgage, in most cases, they will need to pay off the mortgage at closing. A due-on-sale clause specifies that the remaining balance of a mortgage must be ...

An alienation clause, also known as a due-on-sale clause, is a standard provision in most mortgage agreements. It requires the borrower to repay the full loan balance if the property is sold or ...