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How to fill out the MULTI-UNIT ADDENDUM TO online
The MULTI-UNIT ADDENDUM TO is a critical component of the Multi-Board Residential Real Estate Contract 7.0. This guide provides clear instructions on how to successfully fill out this document online, ensuring all necessary information is accurately recorded.
Follow the steps to complete the MULTI-UNIT ADDENDUM TO online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by entering the seller's name(s) and buyer's name(s) in the designated fields. Ensure that the names are spelled correctly to avoid any discrepancies.
- Review the section titled 'Conflict of Terms'. This section clarifies that, in case of inconsistencies between the Addendum and the Contract, the Addendum's terms will take precedence.
- Carefully detail the due diligence requirements. You will need to indicate the seller's obligations to provide copies of leases, a rent roll, and notices related to tenant issues within five business days post-acceptance.
- In the leases and tenancies section, confirm the buyer's agreement to accept possession subject to any leases or tenancies to which they have not objected.
- Indicate when possession will be deemed delivered, making sure to clarify that it will occur once all occupants, except for tenants identified in the contract, have vacated the property.
- Complete the deed section by affirming that it will be subject to existing leases and tenancies, as previously defined.
- Finally, have the buyer(s) and seller(s) sign and date the document on the specified line. Ensure that the date reflects the correct day, month, and year.
- After completing all sections, review the form for accuracy. Users can then save changes, download, print, or share the completed form as needed.
Complete your MULTI-UNIT ADDENDUM TO online today to ensure a smooth transaction process.
A real estate addendum modifies an original lease or purchase agreement. Items in the addendum could reflect a change in the agreed-upon price, what is included in the transfer of property, what improvements must be made before the home is paid for, or any other agreed-upon requests or responsibilities.
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