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  1. #1
    Join Date
    Apr 2010
    Posts
    1

    Question How to Interpret Contract Language

    My question involves real estate located in the State of: CA

    How would you interpret this:
    "If Buyer complies with all the terms of the purchase contract, Seller shall pay up to $1000 to be applied towards Buyer's eligible closing costs.
    ...
    Provided Buyer obtains financing through Seller's affiliated lender, XYZ Lender, and complies with all the terms of the purchase contract, Seller shall pay up to $2000 to be applied towards Buyer's eligible closing costs."

    Is there any ambiguity in the interpretation? i.e.
    If Buyer a) complies with all the terms of the purchase contract AND b) obtains financing through Seller's affiliated lender, then does the Seller pay $2000 or $3000 to be applied towards Buyer's eligible closing costs?

    THANKS!

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: How to Interpret Contract Language

    It could be either, depending upon how the entire clause is constructed. As you've presented the language, there's no reason to believe that the first clause limits the second, or vice versa. Run the contract past your real estate lawyer.

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