REPC Section 9. Addenda
Utah's New REPC Section 9.
Section 9 is re-named from ADDITIONAL TERMS to ADDENDA.
There is a bit of rearrangment of the list of addendum names..and the Assumption Addendum is gone. Its effect is treated elsewhere.
Here is the text from both the new and old REPC Section 9:
New ...
9. ADDENDA. There [ ] ARE [ ] ARE NOT addenda to the REPC containing additional terms. If there are, the terms of the following addenda are incorporated into the REPC by this reference: [ ] Addendum No. ________ [ ] Seller Financing Addendum [ ] FHA/VA Loan Addendum [ ] Lead-Based Paint Disclosure & Acknowledgement in some transactions this disclosure is required by law) [ ] Other (specify) ______ .
Old ...
9. ADDITIONAL TERMS. There [ ] ARE [ ] ARE NOT addenda to this Contract containing additional terms. If there are, the terms of the following addenda are incorporated into this Contract by this reference: [ ] Addendum No.________ [ ] Seller Financing Addendum [ ] FHA/VA Loan Addendum [ ] Assumption Addendum [ ] Lead-Based Paint Disclosure & Acknowledgement (in some transactions this disclosure is required by law) [ ] Lead-Based PaintAddendum (in some transactions this addendum is required by law) [ ] Other (specify)_______________ .
I’m remarking on the new REPC changes as I see them. This isn't legal advice.
------------------------------------------------------------------------------------------------
Next up ...Section 10.2. Condition of The Property
From My Porch
Mike B. Class Star®
ClassStar offers two, 3-hour core courses. Your business and referrals are appreciated.
The Porch weblog and all contents herein are © 2008 Mike Ballif. All rights reserved.
No comments:
Post a Comment