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M.S.B.A. Real Property Form No. 8 (1997) Addendum to Purchase Agreement: Wetlands, Shore land and Flood Plain Disclosure PAGE 1 ADDENDUM TO PURCHASE AGREEMENT: WETLANDS, HOMELAND AND FLOOD PLAIN DISCLOSURE.

How to fill out addendum to purchase agreement

How to fill out an addendum to a purchase agreement:

1. Begin by reviewing the existing purchase agreement. Familiarize yourself with the terms and conditions stated in the original agreement.
2. Identify the specific changes or additional provisions that you wish to include in the addendum. Clearly state the purpose or reason for the proposed amendments.
3. Use clear and concise language when drafting the addendum. Ensure that the new terms or modifications are clearly stated and easily understandable.
4. Include the date and title of the addendum at the beginning of the document. This will help in easy identification and reference.
5. Clearly reference the original purchase agreement in the addendum by stating its full name, date, and parties involved. This will ensure that the addendum is legally binding and enforceable.
6. Clearly state the specific changes or additions being made to the original agreement. Use bullet points or numbered items to make it easier for all parties involved to read and understand.
7. Provide ample space for all parties involved to sign and date the addendum. This will indicate their agreement and acceptance of the modifications stated within the document.
8. Ensure that all parties retain a copy of the addendum for their records. It is important to maintain clear documentation in case any disputes or misunderstandings arise in the future.

Who needs an addendum to a purchase agreement?

1. Buyers or sellers who wish to modify or add specific terms to an existing purchase agreement.
2. Parties who want to clarify certain aspects of the original agreement that may have been unclear or ambiguous.
3. Individuals or businesses who have discovered new information that requires changes to the original agreement.
4. Buyers or sellers who have mutually agreed to make additional changes to the terms or conditions of the agreement.
5. Parties who wish to extend or shorten the timeline specified in the original purchase agreement.
6. Individuals or businesses who want to include additional provisions or conditions that were not included in the initial agreement.

Overall, anyone involved in a purchase agreement who wants to make changes, clarify terms, or include additional provisions may need an addendum to the purchase agreement. It is important to consult with legal professionals or seek professional advice to ensure that the addendum is properly drafted and legally binding.

For pdfFiller’s FAQs

What is addendum to purchase agreement?

An addendum to purchase agreement is a document that is added to a purchase agreement to modify or add additional terms and conditions.

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 purchase agreement, the parties need to clearly state the changes or additions they want to make, sign the document, and attach it to the original purchase agreement.

What is the purpose of addendum to purchase agreement?

The purpose of an addendum to purchase agreement is to make changes or add additional terms to the original purchase agreement without having to create an entirely new contract.

What information must be reported on addendum to purchase agreement?

The addendum must clearly state the changes or additions being made, provide details on the parties involved, and be signed by all parties.

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