An instrument modifying or rescinding a contract should identify the contract with certainty. The parts of the contract to be changed should be clearly expressed, and the change itself clearly set forth. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Harris Texas Addendum to Contract for the Price, Sale and Purchase of Residential Real Estate is a legal document that outlines additional terms and conditions specific to the sale and purchase of residential real estate in Harris County, Texas. This addendum is typically used to supplement the standard real estate contract and address any unique requirements or stipulations related to the property or the transaction itself. Key features: 1. Property Description: The addendum will include a detailed description of the residential property being sold, including the address, legal description, and any unique features or characteristics that may impact the transaction. 2. Purchase Price and Terms: This section outlines the agreed-upon purchase price for the property, as well as any additional terms related to the payment, financing, or contingencies. It may also cover aspects such as the handling of earnest money deposits and financing-related deadlines. 3. Property Condition: The addendum may address the property's current condition and any seller disclosures or inspections required. It often includes provisions stating that the property is being sold in its "as-is" condition or that certain repairs or renovations will be completed before the closing. 4. Contingencies: The contract addendum may include specific contingencies or conditions that must be satisfied for the sale to proceed. This could encompass clauses related to home inspections, appraisals, or the sale of the buyer's existing property. 5. Closing and Possession: This section outlines the anticipated closing date and any unique procedures or requirements related to the transfer of ownership. It may also address possession dates, allowing the seller to remain in the property for a specific period after the closing. Types of Harris Texas Addendum to Contract for the Price, Sale and Purchase of Residential Real Estate: 1. Inspection Addendum: This specific addendum focuses on inspections and may require the seller to make specific repairs or address issues discovered during the inspection process. 2. Financing Addendum: This addendum outlines the specific terms and conditions related to financing the purchase, as well as any related contingencies or deadlines. 3. Homeowners Association (HOA) Addendum: If the property is subject to a homeowners' association, this addendum will include provisions addressing any HOA-related fees, rules, or regulations that must be disclosed, understood, and complied with by the buyer. 4. Title Addendum: This addendum addresses any title-related contingencies, ensuring that clear and marketable title can be transferred to the buyer at the time of closing. It is important to consult with a qualified real estate professional or attorney when drafting or reviewing the Harris Texas Addendum to Contract for the Price, Sale, and Purchase of Residential Real Estate to ensure compliance with local laws and suitable protection for all parties involved in the transaction.The Harris Texas Addendum to Contract for the Price, Sale and Purchase of Residential Real Estate is a legal document that outlines additional terms and conditions specific to the sale and purchase of residential real estate in Harris County, Texas. This addendum is typically used to supplement the standard real estate contract and address any unique requirements or stipulations related to the property or the transaction itself. Key features: 1. Property Description: The addendum will include a detailed description of the residential property being sold, including the address, legal description, and any unique features or characteristics that may impact the transaction. 2. Purchase Price and Terms: This section outlines the agreed-upon purchase price for the property, as well as any additional terms related to the payment, financing, or contingencies. It may also cover aspects such as the handling of earnest money deposits and financing-related deadlines. 3. Property Condition: The addendum may address the property's current condition and any seller disclosures or inspections required. It often includes provisions stating that the property is being sold in its "as-is" condition or that certain repairs or renovations will be completed before the closing. 4. Contingencies: The contract addendum may include specific contingencies or conditions that must be satisfied for the sale to proceed. This could encompass clauses related to home inspections, appraisals, or the sale of the buyer's existing property. 5. Closing and Possession: This section outlines the anticipated closing date and any unique procedures or requirements related to the transfer of ownership. It may also address possession dates, allowing the seller to remain in the property for a specific period after the closing. Types of Harris Texas Addendum to Contract for the Price, Sale and Purchase of Residential Real Estate: 1. Inspection Addendum: This specific addendum focuses on inspections and may require the seller to make specific repairs or address issues discovered during the inspection process. 2. Financing Addendum: This addendum outlines the specific terms and conditions related to financing the purchase, as well as any related contingencies or deadlines. 3. Homeowners Association (HOA) Addendum: If the property is subject to a homeowners' association, this addendum will include provisions addressing any HOA-related fees, rules, or regulations that must be disclosed, understood, and complied with by the buyer. 4. Title Addendum: This addendum addresses any title-related contingencies, ensuring that clear and marketable title can be transferred to the buyer at the time of closing. It is important to consult with a qualified real estate professional or attorney when drafting or reviewing the Harris Texas Addendum to Contract for the Price, Sale, and Purchase of Residential Real Estate to ensure compliance with local laws and suitable protection for all parties involved in the transaction.
