BUILDER CONCESSIONS Clause Samples
The Builder Concessions clause defines the specific incentives, discounts, or benefits that a builder agrees to provide to a buyer as part of a real estate transaction. These concessions may include items such as covering closing costs, providing upgrades to fixtures or appliances, or offering price reductions. The clause outlines the types and amounts of concessions, as well as any conditions or limitations that apply. Its core function is to clearly document the builder’s commitments, ensuring both parties understand what is included in the sale and reducing the potential for disputes over promised incentives.
BUILDER CONCESSIONS. In the event that part of the Agreement entails Seller paid concessions that require the Seller to purchase upgrades that would not normally be included in the home, all additional requested upgrades/concessions shall deem a portion of Buyers ▇▇▇▇▇▇▇ money non-refundable, in the amount to be determined solely by the seller. If for any reason Buyer cannot close on the home the non-refundable portion shall be immediately released to seller.