Subject to sale of buyer's property addendum utah 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the Offer Reference Date at the top of the form. This date is crucial as it references your Real Estate Purchase Contract (REPC).
  3. In the Buyer and Seller sections, enter the names of both parties involved in the transaction. Ensure accuracy to avoid any legal complications.
  4. For Section 1.1, specify the address of the Buyer's residence that is subject to sale. Clearly state the Residence Closing Deadline, ensuring it is before 5:00 P.M. (MST) on your chosen date.
  5. In Section 1.2, indicate whether you have a signed contract for selling your residence and provide details if applicable. If not listed, commit to listing it by a specified date.
  6. Review Section 1.3 regarding cancellation rights and ensure you understand your options should the sale not close by the deadline.
  7. Complete all signature fields at the bottom of the form for both Buyer and Seller, including dates and times.

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As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.
This is a legally binding Real Estate Purchase Contract (\u201cREPC\u201d). Utah law requires real estate licensees to use this form. Buyer and Seller, however, may agree to alter or delete its provisions or to use a different form. If you desire legal or tax advice, consult your attorney or tax advisor.
An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.
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People also ask

A contract must be signed by both parties involved in the purchase and sale of a property to be legally enforceable. All parties signing must be of legal age and must enter into the contract voluntarily, not by force, to be enforceable.
An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.
A party was coercing or threatening the other party into signing the agreement. A party was under undue influence (one party dominated the will of another) Mistakes are present in the contract that affect whether one or both parties can carry out their obligations. A party breaches the terms of the contract.
1. Buyer contingencies addenda. Buyer contingencies are the most common addenda, according to Justin Ostow, a top real estate agent in Tampa, Florida, who completes 10% more sales than the average agent. Contingencies dictate certain conditions which must be met for the contract to go through.
To write a contract addendum, start with a title that connects the addendum to the original contract by writing something like, \u201cAddendum to January 2, 2018 Employment Contract.\u201d Then, say \u201cThis contract is between\u2026 \u201c and specify the parties along with the date the addendum will become effective.

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