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Executive Private Investment Funding, LLC TERMS OF PURCHASE & SELLER ADDENDUM Retail Real Property Acquisition Date of this Agreement: Tax parcel Number: Property Address: EPI Fund: Executive Private

How to fill out retail property purchase addendum

How to fill out a retail property purchase addendum:

1. Begin by reviewing the existing purchase agreement for the retail property. Understand the terms and conditions stated in the agreement.
2. Make sure to have a clear understanding of why an addendum is required. It could be due to additional terms or changes in the agreement that need to be outlined and agreed upon.
3. Identify the specific sections or clauses that need to be addressed in the addendum. This could include changes to the purchase price, financing terms, contingency clauses, or any other terms that are specific to the retail property.
4. Draft the addendum by clearly stating the changes or additional terms that need to be included. Use clear and concise language to avoid any confusion or ambiguity.
5. Include important details such as the effective date of the addendum, the parties involved, and any required signatures. Make sure all necessary parties sign the addendum to make it legally binding.
6. Once the addendum is completed, attach it to the original purchase agreement and keep it with the rest of the documentation related to the retail property purchase.

Who needs a retail property purchase addendum:

1. Buyers who want to add specific terms or conditions to the original purchase agreement.
2. Sellers who agree to changes or additional terms proposed by the buyer.
3. Real estate agents or brokers involved in the transaction who need to document any modifications to the original agreement.

In summary, to fill out a retail property purchase addendum, it is important to understand the existing purchase agreement, identify the necessary changes, draft the addendum with clear language and details, and ensure all required signatures are obtained. A retail property purchase addendum is needed by buyers, sellers, and real estate professionals when there are changes or additional terms to be included in the original purchase agreement.

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What is retail property purchase addendum?

An addendum to a retail property purchase agreement that includes additional terms and conditions not included in the original contract.

Who is required to file retail property purchase addendum?

Both the buyer and the seller are typically required to file the retail property purchase addendum.

How to fill out retail property purchase addendum?

The retail property purchase addendum can be filled out by completing the additional terms and conditions section and signing the document.

What is the purpose of retail property purchase addendum?

The purpose of the retail property purchase addendum is to add specific terms and conditions to the original purchase agreement.

What information must be reported on retail property purchase addendum?

The retail property purchase addendum must include details such as any additional costs, warranty information, or other terms that were not included in the original agreement.