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The "K's" of Real Estate in Denver and Parker, Colorado

KICK OUT CLAUSE (ALSO REFERRED TO AS THE RIGHT OF FIRST REFUSAL):  A contractual article that gives sellers the ability to continue marketing a house if the offer received contains contingencies or conditions.  One of the most common contingencies is that the buyers must sell their current home.  A kick out clause allows the seller to "kick out" a buyer with contingencies (after a certain period of time) if a better offer comes around.

KING STUD:  The vertical 2X frame lumber (left and right) of a window or door opening and runs continuously from the bottom sole plate to the top plate.

 

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