Addendum for "Back-up" Contract
Plain-English form education, related documents, and how the pieces connect.
What this form is for
Addendum overview, when to review it, and connected forms.
Key sections and how to complete the form
Use the form in order. The sections below explain the main decisions, blanks, disclosures, or deadlines the form is designed to address. Complete the actual form from the transaction facts and the instructions printed on the current version.
E. Failure To Timely Deliver Additional Earnest Money
If Buyer fails to deliver the additional earnest money within the time required, Seller may terminate this contract or exercise Seller’s remedies under Paragraph 15, or both, by providing notice to Buyer before Buyer delivers the additional earnest money.
F. Failure To Timely Deliver Additional Option Fee
If Buyer fails to deliver any required additional option fee within the time required, Buyer shall not have the unrestricted right to terminate this contract as provided in Paragraph 5(B) of the contract. G. The Back-Up Contract is contingent upon the termination of a previous contract (the First Contract) dated , 20 , for the sale of Property. Except as provided by this Addendum, neither party is required to…
E. Failure To Timely Deliver Additional Earnest Money
If Buyer fails to deliver the additional earnest money within the time required, Seller may terminate this contract or exercise Seller’s remedies under Paragraph 15, or both, by providing notice to Buyer before Buyer delivers the additional earnest money.
F. Failure To Timely Deliver Additional Option Fee
If Buyer fails to deliver any required additional option fee within the time required, Buyer shall not have the unrestricted right to terminate this contract as provided in Paragraph 5(B) of the contract. G. The Back-Up Contract is contingent upon the termination of a previous contract (the First Contract) dated , 20 , for the sale of Property. Except as provided by this Addendum, neither party is required to…
Related forms and resources
These documents may connect to this form depending on the property, financing, occupancy, disclosure requirements, or other facts of the transaction. Open the related resource to see what it does and how it is completed.
This page explains the form; complete the current official TREC version for the transaction. Form shown in this resource: TREC 11-9.
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For educational purposes only. Agents should verify current forms and consult with their broker when needed.