Real Estate Sale Consent

REAL ESTATE SALE CONSENT

Parties

Seller / Owner Name:

Consenting Party Name (lienholder/co-owner/other):

Property Identification

Parcel / APN Number:

Sale Terms and Escrow

Purchase Price: $    Earnest Money / Deposit: $

Proposed Closing Date:    Possession Date:

Recitals and Consent

WHEREAS, Seller is the legal owner of the Property described above; and WHEREAS, Consenting Party holds an interest in the Property as indicated in the records or by agreement between the parties; and WHEREAS, Seller proposes to sell the Property and requests the written consent of Consenting Party to permit the sale and transfer of title subject to the terms set forth herein.

NOW, THEREFORE, for good and valuable consideration receipt of which is hereby acknowledged, Consenting Party hereby expressly consents to the proposed sale and transfer of the Property on the following terms and conditions.

Consent Provisions

1. Consent to Sale: Consenting Party consents to the sale of the Property and agrees to execute any lien reconveyance, release, subordination or other instrument reasonably necessary to permit closing, provided that the sale closes in accordance with the Purchase Price and Closing Date set forth above and all sums required to satisfy Consenting Party's recorded interest are paid at or prior to closing.

2. Conditions: This consent is conditioned upon (a) receipt by Consenting Party of all funds necessary to satisfy and release its interest in the Property at closing, (b) delivery of a closing statement showing distribution of proceeds, and (c) satisfactory identification and authorization of closing agents and buyer. Seller shall provide to Consenting Party copies of the escrow instructions and closing statement at least days prior to closing.

3. Release of Claims: Upon receipt of payment at closing in accordance with paragraph 2, Consenting Party releases and forever discharges Seller and Buyer from any claims for further amounts arising from Consenting Party's pre-consent interest in the Property to the extent paid.

4. No Waiver: This consent shall not be deemed a waiver of any rights except as expressly provided herein. Consenting Party's failure to object to any matter prior to closing shall not constitute a waiver of its rights after closing unless funds required to satisfy its interest were delivered at closing and a release executed.

Representations and Warranties

Seller represents and warrants that Seller has full authority to sell the Property subject to Consenting Party's interest and that there are no undisclosed encumbrances that would prevent closing. Consenting Party represents that it has full authority to grant the consent and that, to the best of its knowledge, its interest is accurately described in this document.

Inspections, Disclosures and Acknowledgements

Lead-based paint disclosure applies (if applicable): Yes No

Prior material property damage or insurance claims disclosed: Yes No

Default; Remedies; Costs

In the event of a default by Seller or Buyer that prevents closing, this consent may be revoked by Consenting Party if funds necessary to satisfy its interest are not tendered at closing. The non‑defaulting party shall be entitled to recover reasonable costs and attorneys' fees incurred to enforce this Consent if so provided by law or contract.

Miscellaneous

Governing Law: This Consent shall be governed by and construed in accordance with the laws of the state in which the Property is located.

Entire Agreement: This document constitutes the entire written agreement between the parties concerning the subject matter hereof and supersedes all prior oral or written agreements and understandings.

Acknowledgement

Each party signing below acknowledges that they have read and understand the terms of this Consent, have been given the opportunity to obtain independent advice, and that the persons signing have authority to bind the respective parties.

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