Summary of Changes to Addendum of Clauses - February, 2007

Summary of Form Changes

Form 1332 — Addendum of Clauses
February 2007

  • Deleted Paragraph 7 - Seller Credit to Buyer - similar provision is now in Regional Sales Contract, Paragraph 10 (A); Financing Contingency language from Regional Contract, including Seller Subsidy language, will be added to the Montgomery County Jurisdictional. In the meantime, agents can cut the Seller Subsidy paragraph from the Regional Sales Contract and paste it to the General Addendum.
  • Paragraph 9 - Appraisal Contingency - added language to end of paragraph explaining Buyer's responsibilities and obligations when appraisal contingency expires or is removed.
  • New "Definitions" Paragraph.