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What is addendum a Wisconsin real estate?

The Zoning and Building Restrictions, Comprehensive Plans and Non- Conforming Structures provision on lines 124-131 of the WRA Addendum A explains the municipality in which the property is located may have zoning and building restrictions that may affect the use of the property.

What does seller will not cure mean?

A Seller's \u201cright to cure\u201d does not mean that the Seller must cure any defects uncovered during a home inspection. Rather, a Seller's \u201cright to cure\u201d means that the Seller simply has the option to cure a defect once the Buyer notifies the Seller that there are defects to which the Buyer objects.

Which of the following is the Wisconsin approved form called bill of sale?

The Wisconsin bill of sale form - WB 25 - was designed to assist licensees with the transfer of personal property in connection with a real estate transaction. The form is prepared by the seller's agent and conveys the seller's personal property to the buyer ''for good and valuable consideration''.

What is a WB 41?

CAUTION: Use a WB-41 Notice if a Party is giving a Notice which does not require the other Party's agreement. Use a WB-40 Amendment if both Parties will be agreeing to modify the terms of the Offer.

Why is an addendum important?

Since the purpose of an addendum is commonly clarification, preparing a separately signed document helps to avoid any confusion. Without signatures included, it might appear to be just part of a rough draft of the original contract that contains provisions that ultimately were not included in the final agreement.

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