Assumption Addendum to REPC - Utah Division of Real Estate - realestate utah 2026

1. Click ‘Get Form’ to open the Assumption Addendum in the editor.
2. Begin by entering the Offer Reference Date and the names of the Buyer and Seller, along with the property address. Ensure all details are accurate as they form the basis of your agreement.
3. In Section 1, specify the amount of the Existing Loan and check applicable boxes regarding what is included in monthly payments. This section is crucial for understanding financial obligations.
4. Proceed to Section 2 to outline any assumption fees and charges by the Lender. Clearly state any percentage limits on these fees to protect your interests.
5. In Section 3, indicate whether the sale is conditioned on Seller being released from liability on the Existing Loan. This decision impacts both parties' responsibilities.
6. Complete Sections 4 and 5 regarding loan balance differences and reserve accounts, ensuring all financial adjustments are noted.
7. Finally, have both Buyer and Seller sign and date at the bottom of the form, confirming acceptance or counteroffer status as needed.

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