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ADDITIONAL PROVISIONS ADDENDUM Lot: This lot is being sold by reference to an approved preliminary plat for which a final plat has not yet been properly approved under the subdivision ordinance or

How to fill out addendum for pre-sale of

How to Fill Out Addendum for Pre-Sale of:

1. Review the original pre-sale agreement: Before filling out the addendum, carefully review the original pre-sale agreement to understand its terms and conditions. This will help you ensure that the addendum addresses any specific changes or amendments required.
2. Identify the changes: Determine the specific changes or additions that need to be made to the original pre-sale agreement. This could include modifying the purchase price, adding contingencies, clarifying timelines, or including additional terms and conditions.
3. Use clear and concise language: When filling out the addendum, use clear and concise language to document the changes being made. Be specific and avoid any ambiguous wording that could lead to confusion or misinterpretation in the future.
4. Include all necessary information: Ensure that the addendum includes all necessary information, such as the names of the parties involved, the date of the original pre-sale agreement, and a clear reference to the section or paragraph being modified.
5. Obtain signatures: Once the addendum is filled out, make sure all parties involved sign and date the document. Signatures validate the changes made and provide legal consent to the updated terms and conditions.

Who needs an addendum for pre-sale of:

1. Sellers and sellers' agents: Sellers who wish to modify or update the terms and conditions of a pre-sale agreement may need an addendum. This allows them to make necessary changes without having to draft an entirely new agreement.
2. Buyers and buyers' agents: Buyers may also require an addendum if they wish to propose changes to the original agreement. This could be to negotiate a lower purchase price, add specific contingencies, or include any additional terms important to the buyer.
3. Legal professionals: Attorneys or legal professionals representing either the buyer or seller may also be involved in preparing and reviewing addendums for the pre-sale of properties. They ensure that the changes made are legally valid and protect their clients' interests.

Overall, an addendum for pre-sale agreements is commonly used by both buyers and sellers to modify or update the terms and conditions of an existing agreement.

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What is addendum for pre-sale of?

An addendum for pre-sale of is an additional document that is added to a property sale agreement to address specific terms and conditions that were not included in the original agreement.

Who is required to file addendum for pre-sale of?

The buyer and seller involved in the property sale agreement are required to file the addendum for pre-sale of.

How to fill out addendum for pre-sale of?

The addendum for pre-sale of should include the details of the specific terms and conditions that need to be added or modified in the original property sale agreement. It should be signed by both parties and attached to the original agreement.

What is the purpose of addendum for pre-sale of?

The purpose of the addendum for pre-sale of is to ensure that any additional terms or conditions agreed upon by both parties are documented and legally binding.

What information must be reported on addendum for pre-sale of?

The addendum for pre-sale of must include details of the specific terms or conditions that are being added or modified, as well as the signatures of both parties.