VIEWS: 1,011 PAGES: 4 CATEGORY: Real Estate POSTED ON: 1/15/2011
This document adds an addendum to an existing back-up contract for the purchase of certain real estate. In the back-up contract, the purchaser agrees to purchase, and the vendor agrees to sell, certain real property in the event the vendor’s first accepted offer and purchase and sale contract are not finalized. The purpose of the amendment is to establish the rights and duties of the purchaser and vendor, such as an earnest money deposit to be made by the purchaser. This document may be used by a buyer, a seller, or a real estate agent, in a situation when one or both parties wish to make a change or changes to an existing back-up contract.
"Real Estate Purchase Contract Addendum: Back-Up Contract"