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Get the free Real Estate Contract Addendum Template. Real Estate Contract Addendum Template

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How to fill out real estate contract addendum

01
Start by reviewing the original real estate contract to understand what changes or additional terms need to be included in the addendum.
02
Clearly identify the parties involved in the addendum by stating their full names and roles, such as buyer, seller, or agent.
03
State the purpose of the addendum, whether it is to extend the closing date, add contingencies, modify the purchase price, or any other agreed-upon changes.
04
Provide a detailed description of the changes or additional terms being made. Use clear and concise language to avoid any confusion or misinterpretation.
05
Include any necessary attachments or exhibits that support the changes mentioned in the addendum, such as inspection reports or amended property disclosures.
06
Specify the effective date of the addendum, which is usually the date when both parties have signed it.
07
Include a section for signatures where all parties involved should sign and date the addendum to make it legally binding.
08
Make copies of the fully executed addendum for all parties involved, and keep them with the original real estate contract for future reference.

Who needs real estate contract addendum?

01
Real estate contract addendum is typically needed by anyone involved in a real estate transaction, including buyers, sellers, agents, and attorneys.
02
Buyers may need an addendum to include contingencies or request repairs before finalizing the purchase.
03
Sellers may require an addendum to extend the closing date or modify the terms of the original contract.
04
Agents use addendums to facilitate negotiations and document any changes or additional agreements made during the transaction.
05
Attorneys may draft or review addendums to ensure legal compliance and protect their clients' interests.
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A real estate contract addendum is a document that is added to the existing contract to modify or add additional terms and conditions to the original agreement.
Both parties involved in the real estate transaction are typically required to file the contract addendum.
The real estate contract addendum should be filled out with the updated terms and conditions, signed by both parties, and attached to the original contract.
The purpose of a real estate contract addendum is to make changes or additions to the original contract without having to create an entirely new agreement.
The contract addendum must include the specific details of the modifications or additions being made to the original contract.
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