Property: Contract Addendums

A contract addendum is a document that is attached to a real estate contract and modifies or adds to the terms of the contract. A contract addendum for sellers or lenders credits is a document that allows the seller or lender to give the buyer a credit towards closing costs.

Context: Identifying the document.

  1. Title: Addendum to Contract for Sale, Contract Addendum, Offer to Purchase Amendment, etc.

  2. Contract is amended verbiage

Key takeaways: Important information.

  1. Subject property address

  2. Credit grantor (seller, lender, or otherwise)

  3. Credit amount

  4. Purpose of credit

  5. Buyer(s) and seller(s) signatures