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Unit 11: Contingencies,
Amendments, and
Addenda
UNIT 11: CONTINGENCIES,
AMENDMENTS, AND ADDENDA
Contingencies
 Types of Contingency Clauses
 Financing Contingency
 Appraisal Contingency
 Inspection Contingency
 House Sale Contingency
UNIT 11: CONTINGENCIES,
AMENDMENTS, AND ADDENDA
Amendments and Addenda
 Amendments
 Addenda
Reasons for Using Addenda
 Contingencies
 Disclosures
UNIT 11: CONTINGENCIES,
AMENDMENTS, AND ADDENDA
Promulgated Addendum Forms, Finance Issues
and Title Notices
 Third Party Financing Addendum for Credit Approval
 Loan Assumption Addendum
 Seller Financing Addendum
 Reverse Mortgage Financing Addendum
 Release of Liability on Assumed Loan and/or Restoration
of Seller's VA Entitlement
 Short Sale Addendum
UNIT 11: CONTINGENCIES,
AMENDMENTS, AND ADDENDA
Promulgated Addendum Forms, Finance Issues
and Title Notices
 Notice to Prospective Buyer
 Addendum for Property Subject to Mandatory
Membership in an Owners’ Association
 Subdivision Information, Including Resale Certificate for
Property Subject to Mandatory Membership in a
Property Owners’ Association
 Addendum for Coastal Area Property
 Addendum for Property in a Propane Gas System Service
Area
UNIT 11: CONTINGENCIES,
AMENDMENTS, AND ADDENDA
Promulgated Addendum Forms, Property
Condition
 Environmental Assessment, Threatened or Endangered
Species, and Wetlands Addendum
 Addendum for Property Located Seaward of the Gulf
Intracoastal Waterway
 Disclosure of Relationship with Residential Service
Company
 Buyer’s Temporary Residential Lease
UNIT 11: CONTINGENCIES,
AMENDMENTS, AND ADDENDA
Promulgated Addendum Forms, Property
Condition
 Seller’s Temporary Residential Lease, Possession
 Addendum for “Back-Up” Contract
 Addendum for Sale of Other Property by Buyer
 Non-Realty Items Addendum
 Addendum for Reservation of Oil, Gas, and Other
Minerals
 Amendment to Contract
 Notice of Buyer’s Termination of Contract

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Tx cont-16 - 11

  • 2. UNIT 11: CONTINGENCIES, AMENDMENTS, AND ADDENDA Contingencies  Types of Contingency Clauses  Financing Contingency  Appraisal Contingency  Inspection Contingency  House Sale Contingency
  • 3. UNIT 11: CONTINGENCIES, AMENDMENTS, AND ADDENDA Amendments and Addenda  Amendments  Addenda Reasons for Using Addenda  Contingencies  Disclosures
  • 4. UNIT 11: CONTINGENCIES, AMENDMENTS, AND ADDENDA Promulgated Addendum Forms, Finance Issues and Title Notices  Third Party Financing Addendum for Credit Approval  Loan Assumption Addendum  Seller Financing Addendum  Reverse Mortgage Financing Addendum  Release of Liability on Assumed Loan and/or Restoration of Seller's VA Entitlement  Short Sale Addendum
  • 5. UNIT 11: CONTINGENCIES, AMENDMENTS, AND ADDENDA Promulgated Addendum Forms, Finance Issues and Title Notices  Notice to Prospective Buyer  Addendum for Property Subject to Mandatory Membership in an Owners’ Association  Subdivision Information, Including Resale Certificate for Property Subject to Mandatory Membership in a Property Owners’ Association  Addendum for Coastal Area Property  Addendum for Property in a Propane Gas System Service Area
  • 6. UNIT 11: CONTINGENCIES, AMENDMENTS, AND ADDENDA Promulgated Addendum Forms, Property Condition  Environmental Assessment, Threatened or Endangered Species, and Wetlands Addendum  Addendum for Property Located Seaward of the Gulf Intracoastal Waterway  Disclosure of Relationship with Residential Service Company  Buyer’s Temporary Residential Lease
  • 7. UNIT 11: CONTINGENCIES, AMENDMENTS, AND ADDENDA Promulgated Addendum Forms, Property Condition  Seller’s Temporary Residential Lease, Possession  Addendum for “Back-Up” Contract  Addendum for Sale of Other Property by Buyer  Non-Realty Items Addendum  Addendum for Reservation of Oil, Gas, and Other Minerals  Amendment to Contract  Notice of Buyer’s Termination of Contract