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Get Additional Provisions Addendum 2020-2025
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How to fill out the Additional Provisions Addendum online
The Additional Provisions Addendum is an important document that supplements the Agreement for Purchase and Sale of Real Property. This guide provides clear and detailed instructions to help you successfully complete the addendum online.
Follow the steps to fill out the Additional Provisions Addendum online
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- In the section labeled 'Seller', enter the name of the seller. In the 'Buyer' section, input the name of the buyer. Ensure the details are accurate as these parties are integral to the agreement.
- In the 'Property' section, provide a concise description of the real property involved in the transaction. This is critical for identifying the subject of the contract.
- Review the initial note which clarifies that this addendum is part of the main Agreement. Ensure you understand that only provisions marked with an 'X' will apply.
- For 'Additional Earnest Money', provide the amount in the designated space. Note the importance of this deposit in securing the agreement during the Examination Period.
- In the 'Purchase Price' section, specify the price per gross acre and ensure to calculate the total purchase price based on the survey results. Indicate the necessary adjustments to the price as needed.
- Fill in the 'Acreage Variance' section with the stated acreage and the percentage variance that would allow either party to terminate the agreement.
- For 'Acquisition and Development Loan', input the relevant financial figures concerning the loan, ensuring all details align with the terms negotiated.
- Complete the 'Confidentiality' clause by determining the applicability of confidentiality to your agreement.
- Specify the 'Intended Use' and detail precisely how the property is intended to be used, ensuring compliance with local laws.
- Finally, ensure all parties sign and date the document in the designated areas. Review the entire form for accuracy and completeness.
- Once the form is complete, you can save changes, download, print, or share the form as needed.
Complete your documents online efficiently and accurately.
An additional addendum refers to a supplementary document that introduces new elements to an existing contract. This term can sometimes create confusion, but it effectively means including more clauses or provisions that enhance the understanding of the original agreement. The Additional Provisions Addendum serves as a reliable means to capture these vital updates, ensuring clarity and mutual agreement between parties.
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