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ADDENDUM TO COMMERCIAL PURCHASE AGREEMENT: CONVENTIONAL/SBA/ OTHER MORTGAGE FINANCING This form approved by the Minnesota Association of REALTORS, which disclaims any liability arising out of use
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01
Start by downloading a template of addendum to commercial purchase.
02
Fill in the basic information such as the names of the buyer and seller, property address, and purchase price.
03
Specify the changes or additions that need to be made to the original purchase agreement.
04
Include any terms and conditions that both parties agree to add or modify.
05
Sign and date the addendum to make it legally binding.
06
Make sure to provide a copy of the addendum to all parties involved in the purchase.

Who needs addendum to commercial purchase?

01
Anyone involved in a commercial real estate transaction may need an addendum to commercial purchase to make changes or additions to the original agreement.
02
This document is particularly useful for buyers and sellers who want to clarify certain terms, add contingencies, or modify the purchase agreement in any way.
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An addendum to a commercial purchase is a document that modifies or adds to the terms of an existing purchase agreement for commercial property.
The buyer or the seller, depending on the circumstances of the transaction, is typically required to file the addendum.
To fill out an addendum to a commercial purchase, complete the form by providing the specific changes to the original contract, including any new terms or conditions, and ensure all parties involved sign the document.
The purpose of an addendum to a commercial purchase is to clarify, modify, or provide additional information regarding the original purchase agreement.
The addendum must report details of the modifications, additional terms, dates, property description, and the signatures of all parties involved.
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