Get Additional Clause Addendum

This guide will help you understand how to accurately fill out the Additional Clause Addendum. By following these steps, you will be able to complete this important document with confidence, ensuring that all necessary fields are addressed.

Follow the steps to fill out the Additional Clause Addendum properly.

1. Click the ‘Get Form’ button to obtain the Additional Clause Addendum. This will open the form in your online editor.
2. Begin by entering the names of the Seller and Buyer in the designated fields. Ensure that the names are spelled correctly as these will be formal legal identifiers.
3. Fill in the Premises Address accurately. This should be the complete address of the property involved in the transaction.
4. Date the form appropriately. Use the date on which you are filling out the form to avoid any discrepancies later.
5. Review the section indicating additional terms and conditions. Here you will mark an ‘X’ and have both parties initial if there are any extra conditions to be included in the contract.
6. If applicable, complete the section regarding a back-up contract. Be sure to read the details about the prior contract and the implications for the Buyer.
7. Address the signature requirements for any absent buyer spouse or co-buyer in the given field, and ensure compliance within the specified time frame.
8. In the Buyer’s Costs section, specify the amount the Seller agrees to pay towards the Buyer’s costs, if applicable.
9. Enter details for the Corporate Relocation Approval if it applies, and ensure that any cooperation required from the Buyer is clear.
10. If the transaction is an all-cash sale, provide the necessary documentation of funds within the timeframe mentioned.
11. Indicate whether the earnest money is non-refundable, and clearly understand the implications of this on the transaction.
12. Complete any sections related to appraisal waivers, surveying requirements, and tax-deferred exchanges as needed.
13. Finally, ensure that all required initials from both the Buyer and Seller are present in the document where indicated.
14. After filling out all necessary fields and sections, review the form for accuracy. Save your changes, and you can choose to download, print, or share the document as necessary.

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