2022 Revisions

Price Escalation Addendum to Agreement of Sale

Form PEA

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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