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Addendum for Purchase of Other Property by Seller

Purchase Property Seller

Name: Addendum for Purchase of Other Property by Seller
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.59 (228 reviews)

Category:

Real Estate - Contracts - Addendums

State:

Multi-State

Control #:

US-00472-A6

Format:

Instant download

Description Contract Buyer Contingency

This is an addendum to a Real Estate Purchase Contract. The addendum makes the purchase contract contingent on the Seller's purchase of other property by a date certain. Ideal if Seller needs to find another place to live before selling current residence.

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Seller Contract Contingency Other Form Names

Seller Addendum Buyer Purchase Seller File Purchase Seller Date Buyer Contingency Contract Buyer Closing Addendum Seller Sample Addendum Buyer Closing

Addendum Seller Contract FAQ

If the seller won't sign the addendum, then the terms of the contract remain as they are now. There should be a financing paragraph that specifies not only the date the commmitment is due, but what happens if the date is not met.

Use a style and format consistent with the original contract. Create a title clearly identifying the relationship with the original contract. State the contract parties. Note the effective date of the addendum. Identify the related terms and contract sections.

An addendum is an additional document that gets added to the purchase and sale agreement. The document will include any additional information or requests that the buyer did not put into the original purchase and sale agreement.An addendum makes the contract more streamlined and easier to read.

What's a Seller Addendum? It's an addition to the normal sale and purchase agreement that severely limits Seller's liability during and after the sale process. For example, the Seller Addendum might limit damages to which Buyer is entitled in the event Seller fails to disclose some problem with the property.

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 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.

Step 1 Get the Original Purchase Agreement. The buyer and seller should get a copy of the original purchase agreement. Step 2 Write the Addendum. Complete a blank addendum (Adobe PDF, Microsoft Word (. Step 3 Parties Agree and Sign. Step 4 Add to the Purchase Agreement.

When submitting a request for repairs, the buyer sometimes asks for particular contractors to do specific work. The seller has three days from the time of receipt to respond. In that period, the buyer cannot change his/her request.

Purchase Property Seller

Description Contract Buyer Contingency

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