Get the free Real Estate Contract Addendum C - Revised May 2015

ADDENDUM C SCHEDULE OF TENANTS SELLER: PURCHASER: PREMISES: 1. TENANT NAME: TENANCY TERM: MONTHLY RENT: $ SECURITY DEPOSIT: $ ADJUSTMENT: WRITTEN LEASE AGREEMENT: YES NO 2. TENANT NAME: TENANCY TERM:

How to fill out real estate contract addendum

How to fill out a real estate contract addendum:

1. Review the original real estate contract: Before filling out the addendum, make sure you have a clear understanding of the terms and conditions outlined in the original contract.
2. Identify the purpose of the addendum: Determine the specific reason for creating the addendum, such as modifying existing terms, adding new provisions, or clarifying certain aspects of the contract.
3. Clearly state the parties involved: Begin by providing the names and contact information of the parties involved in the addendum. This includes the buyer, seller, and any agents or representatives.
4. Describe the original contract: Provide a brief summary of the original real estate contract, including the date it was signed, the property address, and the main terms and conditions agreed upon.
5. Specify the changes: Clearly articulate the changes or modifications being made to the original contract. This can include alterations to purchase price, closing date, contingencies, or any other relevant provisions. Be specific and avoid ambiguous language to ensure clarity and avoid potential disputes.
6. Obtain signatures: Once the addendum is completed, ensure that all parties involved sign and date it. This signifies their agreement and intent to be bound by the modified terms outlined in the addendum.

Who needs a real estate contract addendum:

1. Buyers and sellers who wish to modify or amend the terms of the existing real estate contract they have already entered into.
2. Parties who want to add new provisions or contingencies to the original contract that were not initially included.
3. Individuals who need to clarify certain aspects of the contract that may be vague or open to interpretation.

It's important to consult with a real estate attorney or professional before preparing or signing a contract addendum to ensure that it aligns with legal requirements and protects the interests of all parties involved.

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