{"id":897,"count":1,"description":"\r\nWhat is waiver?\r\n\r\nA waiver is a voluntary action that removes a party\u2019s right or ability in an agreement, while essentially removing a real or potential liability of another party in the agreement. The waiver is a separate document from a contract, but is related to conditions included in a contract.\r\nA real estate transaction contract will generally include some standard contingencies, such as a financing condition or an inspection condition. Once both parties agree in writing to the terms and conditions of the contract, the next paperwork step can be a waiver \u2013 a separate document that is signed when the buyer\/lessee is satisfied with\/willing to remove conditions and move forward with the sale\/lease.\r\n\r\nAs an example, if a prospective buyer or a business owner looking to lease a space decides to forego the property inspection, this party will sign a waiver to that effect. By signing the waiver, the prospective buyer\/lessee also relinquishes the right to make any claims in the future, with regard to property issues that may have been uncovered during the inspection. At the same time, the waiver clears the seller\/lessor from potential liability.\r\n\r\n\r\nYou might also be interested in:\r\n\r\n \tWhat\u2019s the difference between chattel and fixtures?<\/a>\r\n \tWho pays REALTOR\u00ae fees?<\/a>\r\n \tDoes filing for bankruptcy prevent or stop eviction?<\/a>\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n\r\n\r\nFiduciary <\/a>\r\n\r\n\r\nInflation <\/a>\r\n\r\n\r\nContingency <\/a>\r\n\r\n\r\nEscrow<\/a>\r\n\r\n\r\nPower of attorney <\/a>\r\n\r\n\r\nReal Estate Agent <\/a>\r\n\r\n\r\nEminent Domain <\/a>\r\n\r\n\r\nLiability <\/a>\r\n\r\n\r\nStatute of Limitations<\/a>\r\n\r\n\r\nValid <\/a>\r\n\r\n\r\nVariance<\/a>\r\n\r\n\r\nContiguous <\/a>\r\n\r\n\r\nDeficit<\/a>\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-waiver\/","name":"Waiver","slug":"cre-term-waiver","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is Waiver? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"A waiver is a voluntary action that removes a party\u2019s right or ability in an agreement, while essentially removing a real or potential liability of another party in the agreement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-waiver\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Waiver Archives\" \/>\n<meta property=\"og:description\" content=\"A waiver is a voluntary action that removes a party\u2019s right or ability in an agreement, while essentially removing a real or potential liability of another party in the agreement.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-waiver\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-waiver\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-waiver\/\",\"name\":\"What is Waiver? 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