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New Construction Addendum Page 1 of 2 1. Walkthrough Inspection Deficiency List Clause The Buyer and an authorized technical representative of the Seller together will conduct a walkthrough inspection
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How to fill out new construction addendum
01
Step 1: Read through the new construction addendum thoroughly to understand its contents and requirements.
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Step 2: Fill in the necessary details about the new construction project, such as the project name, location, and expected completion date.
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Step 3: Specify any additional terms and conditions that need to be included in the addendum, such as warranties, inspections, and dispute resolution procedures.
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Step 4: Include any relevant attachments or exhibits, such as blueprints, plans, or specifications.
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Step 5: Review the filled-out addendum to ensure accuracy and completeness.
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Step 6: Sign and date the new construction addendum, indicating your agreement to its terms and conditions.
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Step 7: Keep a copy of the signed addendum for your records.
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Step 8: Provide copies of the addendum to all relevant parties involved in the new construction project.
Who needs new construction addendum?
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Anyone involved in a new construction project, such as real estate developers, contractors, architects, and homeowners, may need a new construction addendum. It serves as a legally binding document that outlines the specific terms, conditions, and expectations related to the construction project. It helps protect the rights and interests of all parties involved and ensures clarity in their obligations and responsibilities.
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What is new construction addendum?
New construction addendum is a document that provides additional information about newly constructed properties.
Who is required to file new construction addendum?
Property owners and developers are required to file new construction addendum.
How to fill out new construction addendum?
New construction addendum can be filled out by providing detailed information about the newly constructed property.
What is the purpose of new construction addendum?
The purpose of new construction addendum is to ensure accurate reporting of newly constructed properties for assessment and tax purposes.
What information must be reported on new construction addendum?
Information such as property address, owner details, construction start and end dates, and construction costs must be reported on new construction addendum.
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