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Addendum to Purchase Contract This document is a DISCLOSURE AND RELEASE OF LIABILITY. Contract Dated: Property Address; Seller(s): Buyer(s): The Broker and agent of West USA Realty represent both
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How to fill out addendum to purchase contract
How to fill out addendum to purchase contract:
01
Begin by reviewing the original purchase contract thoroughly to understand its terms and provisions.
02
Determine the specific changes or additions that need to be made to the original contract.
03
Create a new document titled "Addendum to Purchase Contract" and include the date and parties involved.
04
Clearly state the purpose of the addendum and reference the original contract by its title and date.
05
List each amendment or addition in a separate paragraph and provide a detailed explanation or description of the proposed changes.
06
Include any necessary legal language or clauses to ensure the addendum is legally binding and enforceable.
07
Clearly indicate the effective date of the addendum and specify whether it supersedes or modifies any previous agreements.
08
Both parties involved in the original purchase contract should carefully review and sign the addendum to signify their agreement to the proposed changes.
09
Keep copies of the original purchase contract and the addendum for future reference and record-keeping purposes.
Who needs addendum to purchase contract:
01
Homebuyers or sellers who wish to make changes to the terms and conditions of an existing purchase contract.
02
Parties who have identified errors or omissions in the original purchase contract and need to correct them.
03
Individuals who want to add or remove additional provisions or contingencies to the purchase contract that were not originally included.
04
Both buyers and sellers who have mutually agreed to modify certain terms in the purchase contract to reach a new agreement.
05
Any party involved in a real estate transaction who wants to ensure that all parties are clear about the changes made to the purchase contract.
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