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SATISFACTION/WAIVER OF CONDITIONS ADDENDUM TO AGREEMENT TO BUY AND SELL REAL ESTATE SATISFACTION/WAIVER OF CONDITIONS: In reference to Agreement to Buy and Sell Real Estate, dated,,, between the Buyer

How to fill out removal of contingency addendumpdf

How to fill out removal of contingency addendumpdf:

1. Start by opening the removal of contingency addendumpdf document on your computer. Make sure you have a PDF reader installed to access the file.
2. Review the document and familiarize yourself with its sections and requirements. This addendum is typically used in real estate transactions when a buyer and seller agree to remove one or more contingencies from the original contract.
3. Begin by entering the date of the addendum at the top of the document. This helps establish the timeline for removing the contingencies.
4. Identify the parties involved in the transaction. Write down the full legal names of the buyer(s) and seller(s) in the designated spaces provided.
5. Specify the property address and legal description in the appropriate sections. This ensures that the addendum pertains to the correct real estate transaction.
6. Next, list the contingencies that will be removed. This may include contingencies such as financing, appraisal, inspection, or any other agreed-upon conditions. Clearly state the contingency being removed and provide any pertinent details or clarifications.
7. If there are any additional terms or conditions associated with the removal of the contingency, describe them in the designated section. This could include any new terms negotiated between the buyer and seller.
8. Both the buyer and seller should review the addendum thoroughly to ensure its accuracy and understanding. Seek legal advice or consult with a real estate professional if necessary.
9. Once all the information has been filled out, both parties should sign and date the removal of contingency addendum. This signifies their mutual agreement to remove the specified contingency.
10. Keep a copy of the fully executed addendum for your records and provide copies to all involved parties, such as the buyer, seller, real estate agents, and attorneys if applicable.

Who needs removal of contingency addendumpdf:

1. Buyers and sellers in a real estate transaction who have agreed to remove one or more contingencies from the original contract.
2. Real estate agents representing the buyer or seller and assisting with the transaction.
3. Attorneys involved in the real estate transaction who need to document the removal of contingencies.

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