Real estate glossary
Contingency removal
Also called: Removal of contingencies, CR
The buyer's written confirmation that they are giving up a contingency, which usually puts their deposit more at risk if they later back out.
Removing a contingency means the buyer gives up the right to cancel for that reason. In California this is done in writing, usually on a Contingency Removal form, and it can cover one contingency or all of them at once.
Under the current California purchase agreement, contingencies are not removed just because a deadline passes. If the buyer has not removed them on time, the seller generally has to deliver a Notice to Buyer to Perform before the seller can cancel.
What it means for you as a seller
Each signed removal is a milestone — it reduces the ways the buyer can walk away. Once all contingencies are removed, your deal is far more likely to close.
Related terms
- ContingencyA condition in the contract that must be met — or removed — by a deadline, letting the buyer cancel if it is not satisfied.
- Notice to Buyer to PerformA formal notice a seller sends when a buyer misses a contract deadline, giving them a short time to act before the seller may cancel.
- Earnest money depositThe buyer's good-faith deposit, held by escrow and credited toward the price at closing.
Not legal or tax advice. These explanations are general information to help you follow your own transaction. Laws, forms and customs vary by state and county, and the terms of your own contract always control. For advice about your situation, talk to your real estate agent, a real estate attorney or a tax professional. Last updated .