Bazerman, M. H., and J. J. Gillespie. "Betting on the Future: The Virtues of Contingent Contracts." Harvard Business Review 77, no. 5 (September–October 1999): 155 ...

Home sale contingencies are clauses in a real estate sales contract that protect buyers who need to complete the sale of one ...

An appraisal contingency protects a home buyer in case the appraised value is lower than the agreed-upon purchase price.

The owner contingency in this scenario is an amount set aside to cover any adjustments requested by the owner. With GMP (guaranteed maximum price) contracts, owner contingencies are frequently used.