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Agreement Addenda

Price Escalation Addendum to Agreement of Sale

Form PEA

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About the Price Escalation Addendum

The Price Escalation Addendum to Agreement of Sale (Form PEA) allows buyers to automatically increase their purchase price in an offer by a set increment and up to a set maximum amount when there are competing offers for a property.

Using the Price Escalation Addendum

In some cases, buyers are willing to outbid a competitor in order to make the highest offer for a property. Submit Form PEA with a fully completed Agreement of Sale as an additional term of the agreement to increase the buyer’s initial offer, up to a certain amount, in case of multiple buyers.

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