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ADDENDUM FOR SALE OF BUYER'S REAL ESTATE This Addendum is intended to amend a certain Purchase Agreement or Contract dated (the "Agreement") between the undersigned parties. The parties.

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How to fill out the HUBBARD CLAUSEeam.doc online

Filling out the HUBBARD CLAUSEeam.doc online is an essential step in managing real estate transactions effectively. This guide will provide you with detailed, step-by-step instructions to help you complete the form with ease.

Follow the steps to fill out the HUBBARD CLAUSEeam.doc

  1. Press the ‘Get Form’ button to access the HUBBARD CLAUSEeam.doc and open it in your preferred online document editor.
  2. Locate the section to input the date of the Purchase Agreement or Contract, and fill in the appropriate date.
  3. In the designated field, enter the address of the Buyer's Property, specifying the real estate owned by the Buyer.
  4. Provide the Seller’s information, including their name and address, ensuring all details are accurate.
  5. Review the conditions regarding the Buyer's notification to the Seller concerning the purchase agreement or contract for the Buyer's real estate.
  6. Fill out the sections where the Buyer and Seller's signatures are needed, including the date next to each signature to indicate the date of agreement.
  7. Complete the Waiver of Contingency section, ensuring all parties involved sign and date where required.
  8. After reviewing all fields for accuracy, save your changes, and utilize options to download, print, or share the completed document as needed.

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A home that's under contract is one for which a seller has accepted a buyer's offer to purchase the property. But before the sale of the home can actually close, certain contingencies (home appraisal, home inspection, buyer financing, etc.) must first be met – otherwise the deal can still fall through.

A Hubbard Clause is a contingency in a purchase and sale agreement that expressly conditions a Buyer's purchase of a property upon the Buyer's ability to sell and close on another piece of real estate (usually their existing home).

A Hubbard Clause is an addendum or rider to a residential real estate purchase agreement that makes the purchase contingent upon the Buyer selling their own home first.

A Hubbard Clause is an addendum or rider to a residential real estate purchase agreement that makes the purchase contingent upon the Buyer selling their own home first.

So what is a Hubbard clause? Basically, it's a kind of right of first refusal. It means the seller has agreed to the terms of the buyer's offer, but the buyer doesn't have to buy unless either s/he sells his/her current home, or until another bona fide acceptable offer comes along.

The clause first appears in oil and gas leases from the 1930's in the case law in Texas. 3 The intent of the clause is to extend the oil and gas lease to lands that the lessor owns that are not included within the specifically described tract in the lease.

A Mother Hubbard Clause can save a deed in which the property description fails to satisfy the Statute of Frauds. Testimony to establish adverse possession must be of such character as to indicate unmistakably an assertion of a claim of exclusive ownership in the occupant.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232