Mar
03
Cash-out
ByA cash out clause is used in a sale and purchase agreement where the offer being made is conditional on various things. The vendor can insert a cash-out clause which basically states that should a cash unconditional offer be made for the property, that new offer will override the existing conditional offer.
Investors also commonly refer to “cashing out” of a property, meaning that they are selling it for a profit to “cash-out” their equity
