Is it me or does the Trace Reservation Agreement [pdf] discriminate against single people?
Buyer may hold only one first priority purchase reservation at a time.
I had been considering making two first priority reservations but it looks like the reservation agreement precludes this. Though if you’re a couple presumably you can hold two first priority reservations since you’re executing the agreements under different names.
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2 responses so far ↓
1 Justin // Feb 5, 2007 at 8:10 am
Well, if you want two priority reservations you would have had to make two reservation appointments.
BTW,
Rachel and I decided on our very short stack.
201
then maybe 304
Good luck with your reservation appt today.
2 Ben // Feb 5, 2007 at 10:19 am
Probably not. The term “buyer” may be inclusive of the buying party named in the purchase and sale agreement, but it’ll depend on Trace’s definition. Though, if a couple will hold property individually, then perhaps they could very well have two priority reservations. The Assignment clause precludes assigning the reservation.
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