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How to fill out contract addendum lowering purchase

01

Obtain a copy of the original contract for reference.

02

Clearly identify the sections or clauses that need to be amended to lower the purchase price.

03

Draft the changes that need to be made in the addendum, including the new purchase price and any other relevant terms.

04

Make sure both parties review and agree to the changes before signing the addendum.

05

Sign and date the addendum, and attach it to the original contract for documentation.

Who needs contract addendum lowering purchase?

01

Buyers who want to negotiate a lower purchase price after the initial contract has been signed.

02

Sellers who are willing to consider lowering the purchase price in order to close the deal.

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What is contract addendum lowering purchase?

A contract addendum lowering purchase is a legally binding document that modifies an existing sales agreement to decrease the purchase price.

Who is required to file contract addendum lowering purchase?

Both parties involved in the original sales agreement are required to file the contract addendum lowering purchase.

How to fill out contract addendum lowering purchase?

To fill out a contract addendum lowering purchase, both parties must agree on the new purchase price and other relevant terms, and then sign the document in the presence of a witness.

What is the purpose of contract addendum lowering purchase?

The purpose of a contract addendum lowering purchase is to legally document any changes made to the purchase price or terms of an existing sales agreement.

What information must be reported on contract addendum lowering purchase?

The contract addendum lowering purchase must include details of the original sales agreement, the new purchase price, and any other revised terms agreed upon by both parties.

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