Contra Costa, California Addendum for Purchase of Other Property by Seller is a legal document commonly used in real estate transactions. This addendum is designed to address situations where the seller has not closed the sale of their current property before entering into an agreement to sell another property. In Contra Costa County, California, there are several types of Addendums for Purchase of Other Property by Seller that can be used in different scenarios. These addendums are tailored to meet specific needs and circumstances of the parties involved. Some types include: 1. Residential Property Addendum: This type of addendum is used when the seller is selling a residential property, such as a house or a condo, and has not yet closed the sale of their current residence. 2. Commercial Property Addendum: A commercial property addendum is specific to sellers involved in the sale of commercial properties like office buildings, retail spaces, or industrial properties, where the seller is also in the process of selling their existing property. 3. Vacant Land Addendum: When the seller is selling undeveloped land and concurrently involved in the sale of their current property, a vacant land addendum is utilized to address the purchase of other property by the seller. The Contra Costa County, California Addendum for Purchase of Other Property by Seller outlines the terms and conditions regarding the seller's obligation to close their current property sale before completing the sale of the other property. It typically contains provisions specifying contingency periods, extension rights, alternative resolution options, and any other pertinent details agreed upon by the parties involved. In summary, the Contra Costa, California Addendum for Purchase of Other Property by Seller is an essential legal document used in real estate transactions. By using this addendum, sellers and buyers in Contra Costa County can ensure that their rights and obligations are clearly defined when dealing with situations involving simultaneous or sequential property sales.
Contra Costa California Addendum for Purchase of Other Property by Seller
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How to fill out Contra Costa California Addendum For Purchase Of Other Property By Seller?
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