Relocation Clause?

[NancyG]

In reading a MLS listing of a home I'm appraising tomorrow the first line under the description says, "Relocation Clause in Effect." I have read the contract and the only thing I see at the end of the contract an asteric (*) with something about a NRT addendum and NRT disclosure. I noticed the contract was not signed by the seller.

I searched the archives and I found nothing. Can anyone help?

 

[Mztk1]

A relocation clause in a lease is when the landlord retains the right to relocate a tenant to another office or store within the building.

The only thing I can think of for a SFR sale is that the relocation clause is just a mixed up way of saying the seller has a guaranteed buy out bya relocation company if the house does not sell within a certain amount of time. So maybe the listing is trying to tell you that the relocation company is in the process of taking possession or already has. Search PR for the transaction and if you don't find it ask the agent whether there has been a transfer to the relo company.