<> A written contract can only be modified, including removing one of the buyers by a written addendum which is signed by *all* parties to the contract: that is, you, your co-buyer, and the seller would all have to agree to remove him and sign the addendum doing so, and if any of you did not, you cannot remove him and he … Yes No. The terms of this Addendum … 7 . The following provisions are included in and supersede any conflicting language in the Contract. The Division of Real Estate has added a means to address the personal property issues, such as the personal property that is included and the value of the personal property, in a separate agreement. The Arizona residential real estate purchase agreement (“residential purchase and sale agreement”) is a legally binding contract between a buyer and seller for the purchase of a residential property. Step 2 – Write the Addendum. 1. Real estate brokers are required to use Commission approved contracts and forms as appropriate to a transaction or circumstance. The agreement specifies the amount to be paid to the seller, the buyer’s financing information, and the transaction’s closing date. The clauses, amendments, and addendums are all part of the real estate contract that makes the transfer of a property possible and a legal transaction. An addendum to a real estate contract or purchase agreement is a document attached to and made a part of the original contract at the time it is prepared. … PERSONAL PROPERTY ADDENDUM TO CONTRACT ... 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The key to the use of the addendum is that it is made a part of the original offer submitted and if the offer is accepted, it will be … You should consult with an attorney to determine whether your specific situation requires an amendment or an addendum. Most real estate investing contracts have a clause that specifies what personal property is included in or excluded from the sale. An additional attachment that is linked to an existing contract is called an addendum. 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