Multi-Property Real Estate Addendum

MULTI-PROPERTY REAL ESTATE ADDENDUM

This Multi-Property Real Estate Addendum ("Addendum") is made effective as of / / by and between Buyer Name: and Seller Name: .

RECITALS

WHEREAS, Buyer and Seller entered into that certain Purchase and Sale Agreement dated / / concerning certain real property (the "Agreement"); and

WHEREAS, the parties desire to amend and supplement the Agreement to add, clarify, and allocate terms as to multiple additional properties identified below, and to set forth mutual rights and obligations with respect to those Properties.

PROPERTIES COVERED BY THIS ADDENDUM

The following real properties (each a "Property" and collectively the "Properties") are added to and governed by the Agreement:

The parties may add additional Properties only by written amendment executed by both Buyer and Seller. Each Property shall be separately identified in closing documentation and title instruments.

SCOPE OF ADDENDUM

The terms of the Agreement are hereby amended as set forth in this Addendum. Where this Addendum conflicts with the Agreement, the terms of this Addendum shall control as to the Properties identified herein.

MODIFICATIONS TO MATERIAL TERMS

Purchase Price (per Property or as otherwise allocated) shall be as set forth below. For Property 1 purchase price: $

For Property 2 purchase price: $ ; For Property 3 purchase price: $

Closing Date for Property 1 shall be no later than / / . Closing dates for Properties 2 and 3 shall be as set forth below or otherwise agreed in writing.

Inspection Period: Buyer shall have days from the effective date of the Agreement or the date of addition of each Property, whichever is later, to complete inspections applicable to each Property.

Contingencies (check all that apply): Financing contingency Appraisal contingency Title/Survey contingency

PAYMENT TERMS

Earnest Money: Buyer shall deposit earnest money in the aggregate amount of $ to be allocated as follows: Property 1 $ ; Property 2 $ ; Property 3 $ .

Payment Schedule: Deposit of earnest money upon execution; additional deposit of $ due by / / . Balance due at closing.

Late Payment: Any payment required under this Addendum not paid within days after written notice shall incur interest at per annum or a late fee of $ , whichever is greater.

TITLE, ESCROW, AND CLOSING

Closing costs and prorations shall be paid as follows: Buyer responsible for ; Seller responsible for .

TERM AND TERMINATION

This Addendum shall commence on the effective date set forth above and shall remain in effect until the later of the closing of all Properties or / / , unless earlier terminated in accordance with the Agreement or this Addendum.

Either party may terminate this Addendum by delivering written notice to the other party at least days prior to the intended termination date, provided that termination shall not affect obligations accrued prior to termination.

CONFIDENTIALITY

Each party agrees that all non-public information, financial terms, inspections, reports, and negotiations related to the Properties and transactions contemplated by this Addendum shall be held in strict confidence and shall not be disclosed to any third party except as required by law or as necessary to effect closing, financing, or title transfer (including permitted disclosures to attorneys, lenders, and accountants who agree to maintain confidentiality).

DEFAULT AND REMEDIES

In the event of a material breach of this Addendum, the non-breaching party shall be entitled to pursue all rights and remedies available at law or in equity, including specific performance, damages, and retention of escrowed earnest money as liquidated damages when so provided in the Agreement. Remedies are cumulative and are not exclusive.

GOVERNING LAW

This Addendum shall be governed by and construed in accordance with the laws of the State of without regard to conflicts of law principles.

ENTIRE AGREEMENT

This Addendum, together with the Agreement and any other written amendments executed by the parties, constitutes the entire agreement between the parties with respect to the Properties and supersedes all prior negotiations, representations, and agreements, whether oral or written, relating to the subject matter hereof.

No amendment to this Addendum will be effective unless in writing and executed by both parties. Signatures delivered by electronic means shall be binding.

Sign Now