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COVID-19 ADDENDUM TO PURCHASE AGREEMENT This is an addendum to the purchase contract entered into on between (Seller) and (Purchaser) regarding the sale and purchase of the real property located at.

How to fill out addendum to purchase agreement

How to fill out addendum to purchase agreement

1. Start by reading the original purchase agreement thoroughly to understand what changes or additions need to be made.
2. Create a new document titled 'Addendum to Purchase Agreement' and include the date and names of the parties involved.
3. Clearly state the purpose of the addendum, such as adding additional terms, modifying existing terms, or addressing contingencies.
4. Number each point or paragraph and provide a clear heading for each.
5. Clearly state the changes or additions to the original agreement, using precise language and avoiding any ambiguity.
6. Include any additional signatures, initials, or notarizations required for the addendum to be legally binding.
7. Make copies of the addendum and distribute them to all parties involved, ensuring that everyone understands the changes and agrees to them.
8. Attach the addendum to the original purchase agreement and keep both documents together for future reference.

Who needs addendum to purchase agreement?

1. Any party involved in a purchase agreement may need an addendum to modify, clarify, or add terms to the original agreement.
2. This may include the buyer, the seller, the real estate agent, or any other party involved in the transaction.
3. Often, addendums are necessary when unexpected issues or contingencies arise that were not initially addressed in the original agreement.

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What is addendum to purchase agreement?

An addendum to a purchase agreement is a document that outlines any additional terms or conditions that are agreed upon after the original purchase agreement has been signed.

Who is required to file addendum to purchase agreement?

Both parties involved in the purchase agreement are typically required to file an addendum if there are any changes or additions to the original agreement.

How to fill out addendum to purchase agreement?

To fill out an addendum to a purchase agreement, both parties should review the original agreement, clearly state the changes or additions, and sign and date the addendum.

What is the purpose of addendum to purchase agreement?

The purpose of an addendum to a purchase agreement is to make any necessary changes or additions to the original agreement without having to create an entirely new contract.

What information must be reported on addendum to purchase agreement?

The addendum should include a reference to the original agreement, a clear explanation of the changes or additions being made, and the signatures of both parties.