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M.S.B.A. Real Property Form No. 12 (2002; Revised 2004, 2006, 2008, 2010) Addendum to Purchase Agreement: Common Interest Community Property ADDENDUM / PAGE 1 of 2 Addenda TO PURCHASE AGREEMENT: COMMON

How to fill out addendum to purchase agreement

How to fill out an addendum to a purchase agreement:

1. Review the original purchase agreement: Before filling out the addendum, it is important to thoroughly understand the terms and conditions of the original purchase agreement. This will ensure that the addendum accurately reflects any changes or additions.
2. Identify the changes or additions: Determine what specific changes or additions need to be made to the original purchase agreement. This could include modifying the purchase price, adding contingencies, or including additional terms and conditions.
3. Clearly state the purpose of the addendum: Begin by clearly stating the purpose of the addendum at the top of the document. This will provide a clear reference point for all parties involved.
4. Provide a detailed description of the changes or additions: Clearly describe each change or addition within the addendum. Use precise language and provide enough detail to avoid any confusion or misunderstandings.
5. Include a timeline or effective date: If the changes or additions have an effective date or timeline, make sure to include this information in the addendum. This will help ensure that all parties understand when the changes will take effect.
6. Include signatures of all parties involved: Once the addendum is completed, make sure all parties involved sign and date the document. This will indicate their agreement and acknowledgement of the changes or additions.

Who needs an addendum to a purchase agreement?

1. Buyers and sellers: Both buyers and sellers may need an addendum to a purchase agreement if they wish to modify or add additional terms to the original agreement.
2. Real estate agents or brokers: Real estate agents or brokers may be involved in the preparation and negotiation of the addendum on behalf of their clients.
3. Attorneys: Attorneys may also be involved in reviewing and drafting the addendum to ensure that it complies with legal requirements and protects the interests of their clients.

In conclusion, filling out an addendum to a purchase agreement requires a clear understanding of the original agreement, identifying the necessary changes or additions, and accurately documenting them. Both buyers and sellers, along with their respective agents or attorneys, may need an addendum to a purchase agreement.

For pdfFiller’s FAQs

What is addendum to purchase agreement?

An addendum to a purchase agreement is a document that is added to the original agreement to update or modify the terms of the purchase.

Who is required to file addendum to purchase agreement?

The parties involved in the purchase agreement, such as the buyer and seller, are required to file an addendum to the purchase agreement.

How to fill out addendum to purchase agreement?

To fill out an addendum to a purchase agreement, you need to clearly state the changes or additions being made, sign and date the document, and have all parties involved in the agreement also sign and date it.

What is the purpose of addendum to purchase agreement?

The purpose of an addendum to a purchase agreement is to make changes or additions to the original agreement without having to create an entirely new agreement.

What information must be reported on addendum to purchase agreement?

The addendum must clearly state the changes being made, reference the original purchase agreement, and be signed and dated by all parties involved.

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