This addendum states that the contract to which it is attached is binding upon execution by the parties, and the earnest money and any option fee must be paid as provided in the back-up contract. The addendum also states that if the first contract terminates on or before the specified date and time, the back-up contract will no longer be contingent upon the termination of the first contract. For purposes of this addendum, time is of the essence and strict compliance with the times for performance will be required.
The Tarrant Texas Addendum for Back Up Contract is a legal document used in real estate transactions in Tarrant County, Texas. It is an additional agreement that is added to the original contract, specifically for back up offers. This addendum outlines the terms and conditions that apply if the primary contract falls through and the back-up offer becomes the primary contract. Keywords: Tarrant Texas Addendum, Back Up Contract, real estate transactions, Tarrant County, Texas, additional agreement, terms and conditions, primary contract, back up offer. Types of Tarrant Texas Addendum for Back Up Contract: 1. Tarrant Texas Addendum for Back Up Contract — Residential: This addendum is used specifically for residential properties in Tarrant County, Texas. It outlines the details of the back-up offer and the conditions under which it will become the primary contract. 2. Tarrant Texas Addendum for Back Up Contract — Commercial: This addendum is meant for commercial properties in Tarrant County, Texas. It includes provisions and clauses related to commercial real estate transactions and the circumstances under which the back-up offer will become effective. 3. Tarrant Texas Addendum for Back Up Contract — Land: This addendum is used when dealing with vacant land or lots in Tarrant County, Texas. It addresses specific considerations related to the purchase and sale of land, including zoning requirements and use restrictions. 4. Tarrant Texas Addendum for Back Up Contract — Multi-Family: This addendum applies to multi-family properties, such as duplexes or apartment complexes, in Tarrant County, Texas. It includes provisions that are specific to the complexities of multi-family real estate transactions. Each type of Tarrant Texas Addendum for Back Up Contract serves to provide clarity and protection for both parties involved in a real estate transaction, ensuring that the back-up offer is properly addressed in case the primary contract falls through.The Tarrant Texas Addendum for Back Up Contract is a legal document used in real estate transactions in Tarrant County, Texas. It is an additional agreement that is added to the original contract, specifically for back up offers. This addendum outlines the terms and conditions that apply if the primary contract falls through and the back-up offer becomes the primary contract. Keywords: Tarrant Texas Addendum, Back Up Contract, real estate transactions, Tarrant County, Texas, additional agreement, terms and conditions, primary contract, back up offer. Types of Tarrant Texas Addendum for Back Up Contract: 1. Tarrant Texas Addendum for Back Up Contract — Residential: This addendum is used specifically for residential properties in Tarrant County, Texas. It outlines the details of the back-up offer and the conditions under which it will become the primary contract. 2. Tarrant Texas Addendum for Back Up Contract — Commercial: This addendum is meant for commercial properties in Tarrant County, Texas. It includes provisions and clauses related to commercial real estate transactions and the circumstances under which the back-up offer will become effective. 3. Tarrant Texas Addendum for Back Up Contract — Land: This addendum is used when dealing with vacant land or lots in Tarrant County, Texas. It addresses specific considerations related to the purchase and sale of land, including zoning requirements and use restrictions. 4. Tarrant Texas Addendum for Back Up Contract — Multi-Family: This addendum applies to multi-family properties, such as duplexes or apartment complexes, in Tarrant County, Texas. It includes provisions that are specific to the complexities of multi-family real estate transactions. Each type of Tarrant Texas Addendum for Back Up Contract serves to provide clarity and protection for both parties involved in a real estate transaction, ensuring that the back-up offer is properly addressed in case the primary contract falls through.
