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Real Estate Glossary

Amendment

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Richard Wilson
Written by Richard Wilson

Real estate purchase agreements or contracts become a binding document once the terms are accepted by both parties. Should there be a need to change any facet of the agreed-to terms, an amendment is then prepared. This refers to a modification made to an existing contract that is mutually agreed to by all parties.

Real estate purchase agreements or contracts become a binding document once the terms are accepted by both parties. Should there be a need to change any facet of the agreed-to terms, an amendment is then prepared. This refers to a modification made to an existing contract that is mutually agreed to by all parties.

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Richard Wilson

Richard Wilson

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