Contingency Management & Removal

Manage contingencies through inspection, appraisal, and financing phases.

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Steps: 1) List all contingencies with removal deadlines 2) Track inspection/appraisal progress 3) Manage financing contingency status 4) Compile contingency removal documents 5) Issue contingency removal notice within deadline 6) Address contingency failures 7) Execute modified agreement if needed

Output: Contingency tracking log, removal status by date, contingency removal notices, modified agreement.

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Why this works

Contingency management ensures timely removal and prevents deal failure. Clear tracking prevents lapses.

Risks & review

Missing contingency removal deadlines can void contract. Track deadlines on calendar. Early communication prevents surprises.