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Basis Addendums Basis Addendum is entered into by Starfish Management (Property Manager) and Resident(Tenant) residing in Unit, Bedroom. Resident(s) (Tenants) agrees to take the unit in basis condition

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How to fill out as-isaddendum

01

To fill out the as-is addendum, follow these steps:

02

Start by providing the date of the addendum.

03

Include the names of all parties involved, such as the buyer and seller.

04

Specify the address and description of the property being sold.

05

Clearly outline any changes or conditions that need to be addressed in the addendum.

06

Clearly state the terms and conditions of the addendum, including any amendments to the original contract.

07

Make sure all parties involved sign and date the addendum to make it legally binding.

08

Keep a copy of the signed addendum for your records.

Who needs as-isaddendum?

01

The as-is addendum is typically needed in real estate transactions. It is used when a buyer is purchasing a property in its current condition, without any repairs or alterations from the seller. This addendum is especially important when the property has known issues or defects, as it clarifies that the buyer accepts the property as it is and releases the seller from any responsibility for those issues. Both buyers and sellers may need to use the as-is addendum to protect their rights and ensure a smooth transaction.

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