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Condominium addendum to listing

Condominium resale addendum to purchase agreement - Forms 2025

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The Condominium Resale Addendum outlines the requirements and procedures for the resale of a condominium unit as part of a Purchase Agreement. It specifies that the Seller must obtain a Condominium Resale Disclosure Package from the unit owners' association and provide it to the Buyer. The Buyer has rights to terminate the Agreement within specified timeframes if they do not receive this package or if there are material changes in disclosures. The document also details how notices of termination should be delivered and includes provisions for updates on disclosures.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the Purchase Agreement and the names of the Buyer, Seller, Selling Firm, and Listing Firm in the designated fields.
Fill in the property description accurately, ensuring it aligns with the details outlined in your Purchase Agreement.
Complete Section 1 by indicating whether the Seller has obtained the Condominium Resale Disclosure Package. Check either 'A' for electronic format or 'B' for hard copy.
In Section 2, review and understand your rights regarding termination of the Agreement based on receipt of the Condominium Resale Disclosure Package.
For Sections 3 and 4, provide any necessary delivery instructions for how you wish to receive updates or disclosures from the Association.
Finally, ensure all parties sign and date where indicated at the bottom of each page to validate this addendum.

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How to properly write an addendum?

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.

Who typically drafts an addendum?

Parties Involved: Any party concerned in the original contract can draft an addendum. Legal Professionals: Lawyers or legal professionals may be engaged to ensure the language and structure of the addendum comply with legal standards.

Who fills out the condominium resale certificate?

A condominium resale certificate is a legal document provided by the condominium association or management company when a unit is being sold. It is a comprehensive disclosure statement offering a snapshot of the condos financial and legal status.

What are some common addendum examples?

For example, the seller of a house may agree after the original sales contract has been written to include certain pieces of furniture for an additional specified sum. Mortgage terms or the closing date for the sale are often amended in real estate transactions, with the change noted in an addendum.

What is the most common addendum?

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.