Keyword Analysis & Research: addendum

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What does addendum mean when buying a home?

Addendums may also include contingencies that must be met to successfully close the deal. For example, a financing addendum states that the transaction is contingent upon the buyer securing a loan. Buyers may often encounter an "as-is" addendum when buying a real-estate-owned (REO) home owned by a bank.

What does addendum stand for?

In contracts and other legal documents. In other documents, most importantly in legal contracts, an addendum is an additional document not included in the main part of the contract. It is an ad hoc item, usually compiled and executed after the main document, which contains additional terms, obligations or information.

How to create the addendum?

Use a style that is consistent with the original contract. The addendum needs to look like the original contract so that it is clear the two documents are connected. Use the same typeface, margins and font size . Reference the date of the original contract. Title the document in a way that shows it is an addendum to the original contract.

How do you create an addendum?

Depending on the type of document, create an addendum at the end of the document or appendix by inserting a page break, centering the cursor, and typing "Addendum" and a title underneath that describes the purpose of the addition.

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