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I guess it depends on what the sunset clause actually stipulates, but I found this definition on Answers.com:

http://www.answers.com/library/Real%20Estate%20Dictionary-cid-10085881 Sunset Clause

A provision in a sales contract that sets a date after which the agreement is no longer in effect.
Example: Since the housing market was strong and the Andersons were attracting a number of prospective buyers for their house, they insisted on a sunset clause in the contract. This provision would allow them to offer the house to another buyer should the closing be delayed for any reason.

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15y ago

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