Feedback Needed on the Purchase Contract and Other Standard Forms

 

The long awaited draft of the Purchase Contract along with the Purchase Money Mortgage Addendum is now available for your review.  The Standard Forms Committee recently made changes to these forms and is also introducing a new draft form – Blank Amendment.

Members may wonder why there is a need for this new Amendment form, when there already exists an Addendum form.  The Addendum form should be used when there are changes to a contract prior to its full execution by the parties.  The Amendment form should be used for changes to a contract that occur after the contract has been fully executed by the parties

To view the changes and submit feedback, please login to the member portal and view the new forms.

Comments can be submitted via respective SurveyMonkey Survey in the member portal. The deadline to submit comments is Monday, July 2, 2018.