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      • In real estate, an addendum is an addition or supplement made to a contract that modifies, clarifies, or adds specific terms or conditions. An addendum should not be confused with an amendment, which modifies a contract that has already been executed.
      www.nar.realtor/closing/addendum-real-estate
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  2. What Is an Addendum in Real Estate? In real estate, an addendum is an addition or supplement made to a contract that modifies, clarifies, or adds specific terms or conditions. An addendum should not be confused with an amendment, which modifies a contract that has already been executed.

  3. Oct 14, 2023 · An addendum in construction is a document that is added to the original contract or construction documents after the bidding process has begun but before the contract has been awarded. It serves as a tool to make modifications or clarifications to the original contract, ensuring that all parties involved are on the same page. 2.

  4. Dec 22, 2021 · An addendum in real estate transactions allows you to add terms to your contract before it is signed by both parties. Common addendums include contingencies such as home inspections or the sale of the buyer’s house, as well as including certain items, like furniture.

  5. May 19, 2024 · An addendum is an attachment to a contract that modifies the terms of the original contract. Read about insurance, lease, and real estate addendums.

    • Julia Kagan
  6. Dec 26, 2023 · In a nutshell, addendums add small details, while amendments make big changes. This difference is super important for transaction coordinators in real estate. It helps them make adjustments clearly, whether it’s adding a little something with an addendum or making a big change using an amendment.

  7. Sep 1, 2023 · Simply put, an addendum is a document that is added to a real estate contract. It contains additional terms and conditions that were not present in the original contract forms. An addendum can be used to modify or supplement the terms of the contract.

  8. Aug 29, 2024 · An addendum adds new information or clauses to a signed contract, while an amendment makes changes to a signed contract. An addendum usually serves to clarify or append further details without altering the original agreement’s terms. In contrast, an amendment is often used to modify or remove provisions in a contract.

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