Get the free ADDENDUM TO CONTRACT CONCERNING THE PROPERTY AT

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE) 121508 SHORT SALE ADDENDUM TO CONTRACT CONCERNING THE PROPERTY AT (Street Address and City) A. This contract involves a short sale of the Property.

How to fill out addendum to contract concerning

To fill out an addendum to a contract concerning a specific matter, follow these steps:

1. Review the original contract: Take the time to thoroughly read through the original contract to identify the specific section or clause that requires an addendum. This will help you understand the context and purpose of the addendum.
2. Determine the changes or additions: Clearly outline the modifications or additions you want to make in the addendum. Be specific and provide detailed information to ensure clarity and precision.
3. Consult legal advice if necessary: If you are uncertain about the legal implications of the changes you want to make, it is recommended to seek legal advice. An attorney can guide you through the process and ensure the changes are legally valid and enforceable.
4. Draft the addendum: Create a new document separate from the original contract to draft the addendum. Include a title that clearly indicates it is an addendum, such as "Addendum to [Original Contract Title]."
5. Provide a background: Begin the addendum by briefly explaining the reason for the addition or modification. This will help ensure that all parties involved have a clear understanding of the purpose behind the changes.
6. State the specific changes: Clearly and concisely outline each change or addition in separate paragraphs or bullet points. Include all necessary details, such as revised terms, dates, amounts, or any other relevant information.
7. Include signatures: Leave space at the end of the addendum for all parties involved to sign and date. It is crucial to have all parties sign the addendum to demonstrate mutual agreement and acceptance of the changes.

Who needs an addendum to a contract concerning?

An addendum to a contract concerning a specific matter may be needed by various parties, including:

1. Both parties in a business agreement: If both parties mutually agree to modify or add to the original contract terms, an addendum can formalize these changes.
2. Landlords and tenants: In rental agreements, an addendum may be necessary if both the landlord and tenant agree to modify certain clauses, such as extending the lease term or adding provisions for pets.
3. Employers and employees: Sometimes, changes to employment contracts may require the use of an addendum. This could include modifications to compensation packages, job responsibilities, or working hours.

In summary, anyone involved in a contract who wishes to make specific changes or additions to an existing agreement may need an addendum to formally document and establish these amendments.

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