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This document serves as an addendum to the real estate contract between the buyer and seller, outlining additional terms and conditions. It includes provisions related to corporate relocation approval, non-refundable earnest money, appraisal contingencies, tax-deferred exchanges, and surveys, among other conditions. The addendum is intended to clarify the obligations and rights of both parties in the context of the sale of the property.
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What is additional clause addendum?
An additional clause addendum is a supplementary document that adds specific provisions or modifies terms in an existing agreement, often used to clarify or expand the original contract.
Who is required to file additional clause addendum?
Typically, parties involved in a contract are required to file an additional clause addendum when modifications or new clauses need to be officially documented.
How to fill out additional clause addendum?
To fill out an additional clause addendum, one should include the reference to the original contract, specify the clauses being added or modified, and provide clear language outlining the changes.
What is the purpose of additional clause addendum?
The purpose of an additional clause addendum is to provide clarity, detail, and updates to an existing agreement, ensuring all parties are aware of the changes and provisions.
What information must be reported on additional clause addendum?
An additional clause addendum must report the original contract reference, details of the clauses being amended or added, the date of the amendment, and signatures of the parties involved.
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