Building Operating Cost Addendum

An example of an addendum being used would be if the parties wanted to add something to the original document. For instance, an individual who is purchasing a house may not want to purchase all of the furniture that is being left behind. However, after thinking about it further, he changes his mind.

An addendum is an attachment to a contract that modifies the terms and conditions of the original contract. Addendums are used to efficiently update the terms or conditions of many types of contracts.

Writing a Contract Addendum Name the parties to the contract. Indicate the addendum's effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.

An amendment is typically used to change something that's part of an original contract.An addendum is used to clarify and add things that were not initially part of the original contract or agreement.

The function of an addendum is to modify, clarify, or nullify a portion of the original document, which could be as simple as extending the dates for which the contract is valid or as complex as redefining the payment schedules and deliverables.

An addendum to a real estate contract or purchase agreement is a document attached to and made a part of the original contract at the time it is prepared. It can be explanatory, informational, or indicate other requirements that aren't clearly spelled out in the contract.

Don't leave it out include it at the end of your Word document as an addendum. Adding an addendum in Microsoft Word follows almost the same process you're already taking to create your Word documents.

When to Use an AddendumAddenda are modifications added to an existing agreement to add or change a few of its terms and conditions. It does not replace the original contract.