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all right lets talk about the subject to addendum this is generally used for a purchase agreement so were getting a little bit ahead of ourselves but I know youre excited about the opportunity for subject 2 so I wanted to at least put this document out there so you can take a look at it get familiar with it nothing wrong with using this along with a letter of intent lets say youre gonna take a property as you negotiate a property subject to the existing debt that usually means the seller is gonna have a lot of questions the easiest way I found to get a lot of those questions answered is to simply have them go through go through this agreement with them as somewhat of a tutorial and fill it all out so its all complete have them sign it and then all the questions are answered and everybody can relax so that said starting at the top is basically an explanation of whats going on it says that the seller agrees that the buyer is taking the property subject to the existing debt on the