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Are addendums numbered or lettered?

Addendums are numbered consecutively starting with the number 1. The addendum number is to be shown inside of a triangular shape.

What is a general addendum?

An addendum may include any written item added to an existing piece of writing. The addition often applies to supplemental documentation that changes the initial agreement that forms the original contract.

What is an addendum to contract of sale?

A contract addendum is a post-contract attachment that modifies, alters, or totally changes some of the terms of a previously established contract. Typically, this adds something new to a preexisting document. Once all parties named in a contract agree to an addendum, it becomes a part of the new contract.

What is the most common real estate contract?

The sale contract is the most common type of real estate agreement and will usually specify the details regarding the purchase of the property. The contract strictly needs the approval and signature of both the buyer and seller.

What is a seller standard addendum?

What's a Seller Addendum? It's an addition to the normal sale and purchase agreement that severely limits Seller's liability during and after the sale process. For example, the Seller Addendum might limit damages to which Buyer is entitled in the event Seller fails to disclose some problem with the property.

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