Parties and Units
Identify buyer(s), seller(s), and the condominium unit using legal names and the exact unit or parcel identifier referenced in the declaration and public records.
A well-drafted addendum clarifies association obligations, documents outstanding assessments, and reduces closing delays by documenting condo-specific facts that affect transferability and financing.
Lenders, title companies, and closing agents also rely on the addendum to verify compliance and clear title prior to funding.
Identify buyer(s), seller(s), and the condominium unit using legal names and the exact unit or parcel identifier referenced in the declaration and public records.
Include the association name, mailing address, contact for management, and account number to ensure dues and records are accurately matched to the unit.
Detail current HOA dues, reserve status, recent budgets, outstanding special assessments, and the effective dates for any charges that affect closing costs or prorations.
Summarize restrictions on rentals, pets, renovations, and other covenants that materially affect occupancy or lender approval for the purchaser.
Set explicit review periods, inspection windows, financing conditions, and the deadline for delivery of any required condo certifications or estoppel letters.
Include signature blocks, indicate that the addendum amends the primary agreement, and attach a list of incorporated exhibits and association documents.
| Field | Configuration |
|---|---|
| Auto-fill | Pull MLS or property record data |
| Conditional Clause | Show only when assessments exist |
| Authentication | Email plus SMS code |
| Routing | Buyer then seller then association |
Verify chosen tools meet lender requirements and preserve the audit trail, signature timestamps, and an unaltered signed PDF for closing and recordkeeping.
3–10 business days per contract terms
10–15 days unless extended by agreement
21–30 days for loan approval
Typically 30–60 days from contract
Immediate upon execution to all parties
Prepare addendum and attach association documents
Buyer reviews HOA materials and inspections
All parties sign the addendum
Provide signed addendum to title and lender
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
A buyer includes an addendum that lists a pending reserve study and special assessment
The seller's agent attaches an association certification showing dues paid and rental limits