Addendum Sales Contract With Agent

State:
Multi-State
Control #:
US-03309BG
Format:
Word; 
Rich Text
Instant download

Description

The Addendum Sales Contract with Agent is a crucial document that modifies the existing Contract for Sale and Purchase of Real Property. It includes provisions such as the requirement for the seller to provide a current property survey and ensures that the property complies with all relevant zoning and building codes. The buyers are permitted to inspect the property and can request repairs for any identified issues before a specified deadline. If these issues are not addressed, buyers may cancel the contract and retrieve their deposit. Additionally, the addendum outlines responsibilities regarding flood insurance and expressly states that no brokers were involved in the sale. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a structured approach to navigating real estate transactions, protects the interests of both parties, and ensures compliance with legal and regulatory standards. It serves as a safeguard by outlining mutual obligations and establishing clear communication between sellers and buyers, aiding in the smooth execution of real estate deals.
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FAQ

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

Make sure the title of the new document makes clear that it is an addendum with reference to the original contract's name and date. Include the date the addendum is being added. Name all parties that the addendum is in reference to and the date when the new changes will take effect.

How to write an addendum to a contract in 7 easy steps Consider and mirror the language of the original contract. Choose an addendum title. Make clear the parties involved. Clarify the part of the original contract the addendum refers to. Ensure compliance with the original contract and all other relevant regulations.

Key Elements of an Addendum This includes the date of the agreement and names of the parties involved. An introduction stating that the purpose of the addendum is to amend or modify the original contract. For example, ?This Addendum amends the Agreement dated [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME].?

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Addendum Sales Contract With Agent