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Which of the following is the most common addendum to a sale contract?

The most common addendums are attachments or exhibits that explain some element of the larger contract.

What is the addendum to a sale contract?

A contract amendment changes clauses or sections of an existing contract. An addendum is a separate document that extends the terms and conditions of a contract but does not change the existing text.

What is addendum agreement?

If you want to respond to the buyers repair addendum, you usually have 3 days to do so it depends on what you agreed on in your inspection contingency. You have the option of accepting, denying or negotiating.

What is the addendum to a sales contract?

Addendums can override parts of the original contract and expand on others. Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms.