Definition Of An Amendment Of A Real Estate Contract
When a real estate purchase agreement or contract is executed, and the terms are accepted by both parties, it is a complete and binding document. Should it become necessary to change any aspect of the previously agreed-to terms, an amendment is prepared. It is a document that makes a change to the ratified contract. Real estate agents need to be sure not to confuse this with an Addendum. Amendments to Real Estate Contracts...