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BACKUP CONTRACT ADDENDUM NOTE: This Addendum should NOT be used in a short sale transaction. Use ONLY the Short Sale Addendum (form 2A14T) Property: Seller: Buyer: This Addendum is attached to and

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What is back-up contract addendum?

Back-up contract addendum is a supplementary document that is added to a contract to outline the terms and conditions of a back-up offer in case the primary offer falls through.

Who is required to file back-up contract addendum?

Both the buyer and seller are required to file back-up contract addendum to formalize the terms of the back-up offer.

How to fill out back-up contract addendum?

To fill out a back-up contract addendum, the parties involved must clearly state the terms of the back-up offer, including price, closing date, and any other relevant conditions.

What is the purpose of back-up contract addendum?

The purpose of back-up contract addendum is to establish a legally binding agreement between the buyer and seller in case the primary offer falls through.

What information must be reported on back-up contract addendum?

The back-up contract addendum must include details such as the purchase price, closing date, any additional conditions, and the signatures of both parties.

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