Sample Real Estate Addendum to Contract

When it comes to buying or selling a property, it`s crucial to have all the necessary documents and agreements in place to ensure a smooth transaction. One of these important documents is the real estate addendum to contract.

An addendum is an additional document that is added to an existing contract, outlining any changes or additional terms that have been agreed upon by both parties involved. In the case of real estate, an addendum can be used to modify or add to the terms of the original purchase agreement.

Here is a sample real estate addendum to contract that can be used as a guide:

Real Estate Addendum to Contract

This Addendum to the Contract for Sale and Purchase (the « Contract ») is entered into by and between [Buyer`s Name] (« Buyer ») and [Seller`s Name] (« Seller ») on [Date].

1. Additional Terms

The following additional terms are added to the Contract:

a. [Insert additional term here]

b. [Insert additional term here]

c. [Insert additional term here]

2. Modification to Original Contract Terms

The following terms of the Original Contract are modified as follows:

a. The Purchase Price will be increased by $[Insert amount here].

b. The Closing Date will be extended by [Insert number of days here].

3. Entire Agreement

This Addendum and the Original Contract constitute the entire agreement between Buyer and Seller with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements or understandings, whether written or oral.

4. Governing Law

This Addendum and the Original Contract shall be governed by and construed in accordance with the laws of the state of [Insert state here].

In witness whereof, the parties have executed this Addendum as of the date and year first above written.

Buyer`s Signature: _______________________________

Buyer`s Printed Name: ____________________________

Seller`s Signature: _______________________________

Seller`s Printed Name: ____________________________

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