Tip of the Week: When drafting an Addendum to the Sale Agreement

When drafting an Addendum to the Sale Agreement, using “Agreement” or “Sale Agreement” to refer to the Sale Agreement will clarify which document you are referring to. Using “Contract” or “PSA” can create ambiguity and confusion between the parties.

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.