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Additional Clause Addendum Form

Additional Clause Addendum Form

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Instructions and help about Additional Clause Addendum

okay so the additional Clause addendum this is an addendum that is attached to the purchase contract so it would be initiated by the buyer um or I guess it could be initiated by the seller in ter if we were to counter um a buyer on their offer so um but it is part of the purchase contract you'll see a a box on page one of the purchase contract that outlines all the addendums attached to the the standard contract so HOA addendum this is one of the additional Clause addendum uh solar addendum lead based paint is another one um so this document is basically what it it was initiated a long time ago but it was recently revised July of 2023 the reason for it was um some of the revisions stemmed around the market conditions in 2020 what uh the department of real estate was seeing terms of various uh we were seeing common things come up in purchase contract as buyers agents trying to get our client's offer accepted and make our offer uh more attractive to the seller and so ther

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