ADDITIONAL PROVISIONS ADDENDUM
Property: ___________________________________________________________________________________________________
Seller: ______________________________________________________________________________________________________
Buyer: ______________________________________________________________________________________________________
This Addendum is attached to and made a part of the Offer to Purchase and Contract (“Contract”) between Seller and Buyer for the
Property.
NOTE: All of the following provisions which are marked with an “X” shall apply to the attached Offer to Purchase and Contract or Offer to Purchase and Contract – Vacant Lot/Land (“Contract”). Those provisions marked “N/A” shall not apply.
1.________ EXPIRATION OF OFFER: This offer shall expire unless unconditional acceptance is delivered to Buyer on or before
_____________________ AM PM, on _____________________________, TIME BEING OF THE ESSENCE, or until withdrawn by Buyer, whichever occurs first.
2.________ (To be used with Offer to Purchase and Contract Form 2-T only) SEPTIC SYSTEM INSTALLATION/ MODIFICATION: As a part of the Buyer’s Due Diligence, Buyer intends to obtain an Improvement Permit or written evaluation from the County Health Department (“County”) for a (check only ONE) conventional or other________________ _________________________________ ground absorption sewage system for a _______
bedroom home. Except for the costs for clearing the Property, all costs and expenses of obtaining such Permit or written evaluation shall be borne by Buyer unless otherwise agreed. Seller shall be responsible for clearing that portion of the Property required by the County to perform its tests and/or inspections by no later than
_______________________(NOTE: Insert a date that will allow testing to be completed prior to the end of the Due Diligence Period.)
3.________ RENTAL/INCOME/INVESTMENT PROPERTY: The Property shall be conveyed subject to existing leases and/or
rights of tenants. Seller shall deliver to Buyer on or before________________________________________, true and
complete copies of all existing leases, rental agreements, outstanding tenant notices, written statements of all oral tenant agreements, statement of all tenant’s deposits, uncured defaults by Seller or tenants, and claims made by or to tenants, if
any (NOTE: Insert a date that will allow review to be completed prior to the end of the Due Diligence Period).
NOTE: DO NOT USE THIS PROVISION FOR PROPERTY SUBJECT TO THE NORTH CAROLINA VACATION RENTAL ACT. A VACATION RENTAL ADDENDUM SHOULD BE USED IN SUCH CASES.
4.________ AGREED-UPON REPAIRS AND/OR IMPROVEMENTS: Seller agrees, prior to Settlement Date and at Seller’s expense, to complete the following items:_______________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
________________________________________________________________________________________________
_______________________________________________________________________________________________. Buyer shall have the right to verify, prior to Settlement, that the above items have been completed in a good and workmanlike manner.
5._________ MANUFACTURED (MOBILE) HOME: The Property shall include the following manufactured (mobile) home(s) located on the Property: VIN(s): ________________________________________________________or VIN(s)
unknown Other description (year, model, etc.): ____________________________________
_____________________________________________________________________________________
IN THE EVENT OF A CONFLICT BETWEEN THIS ADDENDUM AND THE CONTRACT, THIS ADDENDUM SHALL CONTROL, EXCEPT THAT IN THE CASE OF SUCH A CONFLICT AS TO THE DESCRIPTION OF THE PROPERTY OR THE IDENTITY OF THE BUYER OR SELLER, THE CONTRACT SHALL CONTROL.
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This form jointly approved by: |
STANDARD FORM 2A11–T |
North Carolina Bar Association |
Revised 7/2012 |
North Carolina Association of REALTORS®, Inc. |
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Buyer initials _______ _______ Seller initials _______ |
______ |
THE NORTH CAROLINA ASSOCIATION OF REALTORS®, INC. AND THE NORTH CAROLINA BAR ASSOCIATION MAKE NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY SPECIFIC TRANSACTION. IF YOU DO NOT UNDERSTAND THIS FORM OR FEEL THAT IT DOES NOT PROVIDE FOR YOUR LEGAL NEEDS, YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN IT.
Date: ______________________________________ |
Date: ____________________________________ |
Buyer _____________________________________ (SEAL) |
Seller ____________________________________ (SEAL) |
Date:_______________________________________ |
Date: ___________________________________ |
Buyer _____________________________________ (SEAL) |
Seller ____________________________________ (SEAL) |
Date:_______________________________________ |
Date: ___________________________________ |
Buyer _____________________________________ (SEAL) |
Seller ____________________________________ (SEAL) |
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STANDARD FORM 2A11–T
Revised 7/2012
