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What does amendment to agreement of purchase and sale?

This is a standard form of amending agreement for use where a vendor and purchaser have agreed to modify the agreement of purchase and sale between them for a parcel of commercial real property by adding, changing, or removing sections.

How do you write an amendment to a real estate contract?

Always put a contract amendment in writing and make sure both parties sign and date it. Reference the title of the contract, if applicable; its original parties; and original signing date, so that it is clear what document you are amending. Attach the amendment to the original contract.

Is addendum a legal document?

An addendum can be created by persons other than the ones who signed the original contract. Amendments are considered part of a contract until it is next negotiated, while an addendum is a legal and binding part of the contract.

What's the difference between Addendum and amendment?

An amendment is typically used to change something that's part of an original contract. Think of amendments as modifications to the earliest agreement (for example, altering an agreed-upon deadline). An addendum is used to clarify and add things that were not initially part of the original contract or agreement.

Can anyone use OREA form?

These OREA Standard Forms and Clauses are for use by OREA members and certain licensees only. Any other use or reproduction is prohibited except with the prior written consent of OREA.