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Signed Contract and Ownership Keys Being Handed Over

Contract Amendment vs. Addendum: What You Should Know As a Buyer or Seller

Whether you're buying, selling, or renting out real estate, you'll likely come across an amendment or addendum at some point. Here's what you're signing up for.

[Updated: Feb 09, 2021 ] Apr 08, 2020 by Aly J. Yale

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Addendum Amendment
Purpose Adds something to the original contract. Modifies or clarifies the original contract.
Who can make them Any party, including third-parties like title companies, etc. Only the signing parties or their agents.
How it's done By adding an additional document to the original contract. By redlining the original contract or adding an additional document.

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