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ADDENDUM TO REAL ESTATE PURCHASE AND SALE AGREEMENT. The undersigned parties to a Purchase and Sale Agreement dated ____________ _____________________, 20_____, by and between ___________________________ __________________________________, (“Purchaser”), and ____________________ _______________________________________ (“Seller”), for ...
A purchase agreement addendum is a legal form that can be attached to a real estate sales contract and adds supplementary terms and conditions to the arrangement.
Use a real estate purchase agreement addendum to make necessary changes to an existing purchase agreement. Download a template here.
Explore real estate addendums and how to leverage addendums for successful real estate transactions. Gain expertise in drafting and applying addendums in sales.
Addendum. A purchase agreement addendum is a legal attachment to a real estate purchase agreement that either adds to or amends its terms and conditions. Generally, it is used to clarify certain provisions or add disclaimers, disclosures, contingencies, or obligations.
A purchase agreement addendum, or “amendment,” is added to a real estate purchase agreement to expand or amend the agreement’s terms and conditions. The addendum must be signed by both buyer and seller to become in effect.
Create a real estate amendment to a purchase agreement. This document helps you change terms of a real estate purchase contract.
A purchase agreement is most commonly used to create a transaction between a buyer and a seller of residential real estate. It will outline the final negotiations between the parties, including the sales price, contingencies, and when the closing must occur.
An “as is” purchase agreement addendum is attached to a real estate contract to add that the seller makes no warranties regarding the property’s condition. The seller is required by law to disclose any known property defects to the buyer, and the buyer has the right to inspect the property before closing.
This Addendum to the Real Estate Purchase Agreement (this “Addendum”) is made on _____ day of _______________, 20_____, by ________________________ ("Seller") and ________________________ ("Buyer"). Each Seller and Buyer may be referred to individually as a “Party” and collectively as the “Parties.”.