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Real estate contract addendums ?
I am a beneficiary of a 2016 addendum for a commercial building adjacent to a income property the addendum was to separate mine from the sale. The owner and buyer both named I was an intentional beneficiary it covers necessary work and upgrades to the apartment and detailed use of property i now have none although I pay for out -of - pocket while the other tenants have social services and other perks. My landlord has done nothing to rectify the discrepancy nor has she offer or intend to fulfill the obligation she made to me and accepted bythe buyer
Asked By Amme | West York, PA | 323 views | Finance Legal Info | Created 1 year ago
Answer(2)
Jason Craig
Coldwell Banker
A contract addendum is an attachment to the original contract that modifies or clarifies a part of the agreement. In real estate, addendums are used to update or change terms without rewriting the entire purchase or lease agreement. For example, an addendum can extend closing dates, adjust the sale price, define which appliances or fixtures are included, or spell out repairs or contingencies. Addendums must be signed by both the buyer and seller (or landlord and tenant), and once signed they become part of the original contract and are legally binding. If you’re unsure about your rights under a particular addendum, it’s a good idea to consult an attorney who can review the document and help enforce its terms.
- 3 weeks ago
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Julianne Clark | Your Lowcountry Compass
Charter One Realty
Did you or do you have attorney representation? If not, probably in your best interest to get a consultation and find out what your rights, responsibilities and next steps are.
- 1 year ago
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