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WATER QUALITY ADDENDUM ADDENDUM - Maryland ... 2026

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The document is a Water Quality Addendum to a Contract of Sale, outlining the requirements for water quality testing for a property transaction between a Buyer and Seller. It specifies the types of tests (Bacterial, Chemical, Lead, Radium) that may be required by lenders, the responsibilities for ordering and paying for these tests, and the procedures to follow if test results indicate contamination. The Seller must address any contamination issues within a specified cost limit, or the Buyer has options to terminate the contract or proceed with additional costs.

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Click ‘Get Form’ to open the WATER QUALITY ADDENDUM in the editor.
Begin by filling in the contract details, including the addendum number and dates. Ensure accuracy as this information is crucial for legal purposes.
In the Buyer and Seller sections, enter the full names of both parties involved in the transaction. This ensures that all parties are clearly identified.
For the property section, provide a complete address of the property in question. This helps in identifying the specific location related to this addendum.
Review the notice regarding water tests. Check off any applicable tests required by lenders, such as Bacterial, Chemical, Lead, or Radium.
In the agreement section, specify which tests will be performed and ensure that both Buyer and Seller agree on who will pay for these tests.
Complete any additional provisions regarding test results and potential corrections needed before settlement. Be sure to include any financial limits agreed upon by both parties.
Finally, have both parties sign and date where indicated to finalize this addendum.

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What is the seller contribution addendum in Maryland?

The Maryland Seller Contribution Addendum serves to formally document any financial assistance the seller offers to the buyer. This ensures both parties have a clear understanding of any financial agreements related to the property sale.

What is the Water Quality Improvement Act in Maryland?

The Water Quality Improvement Act of 1998 is designed to protect the health of Marylands citizens and its waterways by establishing both short and long-term strategies for reducing nutrient levels in our rivers and streams.

What is a seller addendum?

An addendum makes the contract more streamlined and easier to read. Strikeouts in the contract can become difficult to read and can cause legal issues down the road. One reason for an addendum is that the buyers have decided they want the seller to pay a portion of the closing costs.

What does seller contribution mean?

Seller concessions also called seller assists or seller contributions are closing costs that the seller pays to help the buyer by reducing the amount of cash they need to close. Seller concessions can be a way to lighten the buyers load and encourage the buyer to make an offer, especially in a buyers market.

What is the inspection addendum?

inspection addendum or clause. in a contract to buy or sell real estate, a clause or attachment that allows the buyer (or a qualified party) to inspect the property. If repairs are needed, the seller may be allowed to perform the repairs up to a dollar limitation or choose not to sell.

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