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Tip of the Week: OREF 022A & 022B – Buyer and Seller Repair Addenda

When using OREF 022A & 022B – Buyer and Seller Repair Addenda, remember that when the buyer or seller rejects a repair addendum and proposes another repair addendum – any terms on the previous request no longer apply. The new repair addendum should include all specific terms the buyer or seller is offering/requesting. The parties should not need to reference the rejected Addenda to determine the terms that they agree to.

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.