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ADDENDUM B TO THE OFFER TO PURCHASE

ADDENDUM B TO THE OFFER TO PURCHASE 2025

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This document is an addendum to the Offer to Purchase for a property in Wisconsin, detailing contingencies related to well water quality, well system inspections, and private sanitary systems (POWTS). It outlines the responsibilities of the buyer and seller regarding obtaining necessary reports, the right to cure any issues found, and requirements for shared wells and abandoned wells. The addendum emphasizes compliance with local codes and encourages consultation with legal counsel.

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What is an offer addendum?

An addendum is an addition to a document, often used in contracts. It modifies the original agreement without rewriting it from scratch. Its legally binding once signed and helps clarify or change terms. Common types include real estate, lease, insurance, law school applications, and GAP insurance addendums.

What does addendum mean in real estate?

To avoid any uncertainty, and the possibility of a later dispute, we strongly encourage agents to make sure that all addenda attached to a contract are signed by all parties.

Does a seller have to agree to an addendum?

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.

How do you write an addendum to a purchase agreement?

Include a title, reference to the original contract, effective date, changes, purpose, signatures, and an optional integration clause. Keep formatting consistent, consult legal advice for complex changes, stay specific, and draft contracts with flexibility to minimize addenda.

What is the addendum to the offer to purchase?

What is a Purchase Addendum? A purchase addendum is any type of written language that supports or modifies an existing agreement or contract. There is no official document that acts as an addendum, any written document can be seen as an addendum if its attached to the original document titled as an addendum.

What is the purpose of the addendum?

An addendum clarifies and adds things not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).

ADDENDUM B TO THE OFFER TO PURCHASE 2025

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