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What is an addendum in real estate ?

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Hey,

Many real estate technicalities continue to confuse and confound me. I asked my husband what is addendum letter, how it is important in real estate and its legal status. He told me an addendum is a clause that is added to an existing agreement. 

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 What is an addendum in real estate?

When new documents and clauses are added to real estate agreements, it is known as an addendum. Builders add new terms and conditions disclosure requirements, and financing details) to an agreement. 

You know addendum meaning real estate now. Buyer contingencies addenda are one of the most famous addenda in the Indian real estate sector. Home owners get insurance addendum for their properties. 

 

Real estate contract extension addendum are added to the sale agreement and real estate purchase addendum. In addendum real estate, the language can override the existing old agreement terms. You should get your addendum looked at by a lawyer before signing. When both parties sign an amendment, it is legally valid and enforceable.

This is all from my end on what is addendum letter.

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