Repair Addendum -Land Contracts,
Negotiating Repair Addendum
An addendum comes into the document when the client needs to make any more particular changes in the document subsequent to the publishing of it. It can happen in different situations. It always comes when there is a negotiation come into the deal of the land business.
It is not that uncommon that whenever an agreement is made, there will always a chance of negotiation between the buyer and the seller on price, possession date, closing date, inspection date and so on. The buyer can make repair addendum in the agreement regarding various repairs to be competed in the house he is buying from the seller or vendor. Nevertheless, it is always the sole right of the seller to decide whether it is to be done or not. Moreover, he has the choice to do what is seen urgent to him or what he wills to do. This all lies in the hands of the seller. Even the seller can mention no repairs in the contract. However, the basic amenities and needs of the buyer are preferred to be done by the seller. Therefore, they will have a proper and happy deal at the end of the day. Always a buyer’s repair addendum includes a list of numerous items to do. The seller can choose want he wills to complete out of it.
A deal goes good if both the parties have a proper negotiation regarding the addendum. There should be comprehensible understanding of the repairs what the seller is ready to do. The contract has to be trust worthy by both.
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