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Asset #: 1239541 Property Address:2386 AMES RD CORTLAND, NY 13045PROPERTY CONDITION ADDENDUM AND RELEASE For purpose of this addendum (Addendum) the Seller is: Federal Home Loan Mortgage Corporation
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01
Read and understand the terms and conditions of the property condition addendum.
02
Fill in all requested information accurately, such as property address, buyer and seller names, etc.
03
Describe any known issues or defects of the property in detail.
04
Indicate if any repairs or improvements will be made before closing.
05
Sign and date the addendum to make it legally binding.

Who needs property condition addendum and?

01
Buyers who want to ensure they are aware of any known issues with the property before finalizing the purchase.
02
Sellers who want to disclose any known issues with the property to potential buyers to avoid future legal issues.
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Property condition addendum is a document that outlines the current condition of a property and any known issues.
Property sellers or landlords are required to file the property condition addendum.
To fill out the property condition addendum, one must accurately describe the condition of the property and any issues that may be present.
The purpose of the property condition addendum is to inform potential buyers or tenants of any existing problems or defects in the property.
Information such as the current condition of the property, any known issues, and any repairs or maintenance that have been done must be reported on the property condition addendum.
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